Zcash price dropped approximately 13% in 24 hours, falling into a demand zone between $1,036 and $1,162. On-chain indicators reveal mounting selling pressure: the funding rate turned negative at 1.42%, spot netflows have been negative for two days, and long liquidations surpassed $13 million versus only $1.3 million for short positions. The token had previously doubled in value since its late-August pennant breakout, reaching a September high near $1,700. A break below $1,036 would invalidate the bullish formation and could trigger additional downward pressure.
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