2026-11-03 · COINOTAG

Zcash (ZEC) is trading at $1,137, positioned between the $1,100 support level it is drifting toward and the $1,238 resistance above it. In technical analysis, a support level marks a price area that traders watch for signs of buying interest, while resistance marks an area watched for selling pressure. The quote carries an 8.84% daily loss, and market data placed the token near $1,143 early on Tuesday before it settled a fraction lower.

The decline is not sector-wide; the report also references Monero (XMR), Zcash's fellow privacy-focused cryptocurrency. Privacy coins form a category of assets built to keep transaction details confidential, and Monero is among the most widely cited names in that group. The report's reference to Monero alongside Zcash underscores that the move being tracked is specific to Zcash rather than the category as a whole.

Zcash, which launched in 2016 and uses zero-knowledge proofs to enable shielded transactions, is one of the best-known privacy coins. Zero-knowledge proofs allow a transaction to be verified as valid without revealing its underlying details, which is what makes shielded transfers possible. According to the report, the pullback follows the exit of Big Z over a grant dispute.

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