Why is Zcash (ZEC) down 6.23% Today, September 24, 2026? Profit Taking Tests the Privacy-Token Breakout

ZEC slid 6.23% amid heavy turnover (about 7.84% of market cap), consistent with profit-taking after a sharp rally and weakening momentum signals. The move also aligns with a broader crypto risk-off session as BTC fell and long liquidations accelerated. Near-term focus is on whether ZEC holds the $1,400 structure level; failure would undermine the recent breakout, while sustained trading suggests active repositioning rather than a liquidity vacuum.