Zcash holds near $980 after weekly fall of over 26%

ZEC below $1,000

Zcash was trading near $980 on 12 November 2026, according to Cryptonews.com, below the $1,000 level and at its lowest price since September. The coin was down more than 26% over the week, and the source reports it fell 13% to 15% in the latest move.

The drop has erased much of the September rally, when ZEC climbed toward $1,700 before losing momentum, the report says. It describes sellers as having the upper hand and traders as watching whether buyers can push the price back above $1,000.

A technical level in view

The report points to Zcash approaching its 0.5 Fibonacci retracement level, a chart level calculated from an earlier price move that some traders treat as a possible area of buying demand. It is not a guarantee of a bounce.

Cryptonews.com frames any recovery as dependent on Bitcoin, which has also weakened recently. If BTC keeps falling, the source says, ZEC may not find enough demand to form a lasting bottom.

Grayscale's $1 million commitment

The decline has come despite Grayscale committing $1 million to support the Zcash ecosystem, according to the report. Its investment campaign and development funding have not reversed the selling pressure.