Zcash dips below $1,348 as ETF outflows ease and NU7 enters testing

Key takeaways

• Zcash trades around $1,348 on Tuesday, holding modest gains that began Sunday.
• NU7 is active on the public testnet, with a mainnet decision scheduled for Oct. 20 and deployment targeted for Nov. 5.
• Improving momentum supports recovery prospects, but ZEC must clear resistance around $1,377–$1,384. 

Zcash is consolidating below $1,348 on Tuesday, maintaining modest gains from Sunday as investors assess slower ETF withdrawals and progress toward the network’s next upgrade.

The privacy-focused cryptocurrency faces a mixed near-term picture. Momentum indicators are improving, but its price remains below two important moving averages on the four-hour chart.

Meanwhile, smaller withdrawals from Grayscale’s Zcash-focused fund suggest redemption pressure has moderated. 

However, outflows remain negative, meaning the latest figures indicate reduced selling through that channel rather than renewed net buying.

The combination provides a more supportive backdrop for recovery, al...