ZEC official account confirmed that a token standard called ZRC-20, briefly promoted by the Zcash Foundation, isn't actually an official Zcash protocol. Zcash Price Today is trading at $1,505
ZEC official account confirmed that a token standard called ZRC-20, briefly promoted by the Zcash Foundation, isn't actually an official Zcash protocol.
Zcash Price Today is trading at $1,505.84, up 1% today, pulling back from a recent high. This Zcash Price Prediction looks at the ZRC-20 confusion and where the chart's Fibonacci levels point next.
Market data checked on September 22, 2026.
Zcash's official account told followers that ZRC-20 is not a Zcash protocol standard and that Zcash's own planned token feature is still running only on a test network, nowhere near a live launch.
The clarification came after a since-deleted post on the Zcash Foundation's account that had promoted it and a first token called CASH.
The Foundation has since said it had no prior knowledge of either and described it as a private, unaffiliated project.
Source: Data From X
This is a credibility and clarity issue more than a fundamental catalyst it doesn't change what Zcash, the protocol, is actually building, but it's a useful reminder to verify anything claiming official ties to a project before treating it as real.
ZEC pulled back from a recent high near the 1.0 Fibonacci level of $1,566.10, and Zcash Price Today is now trading at $1,505.84 after bouncing off a low of $1,450.15 on this candle (open $1,459.07, high $1,510.09). 
The EMA cluster at $1,391.77 to $1,477.19 sits below as support, and the price has held above it through this pullback.
If ZEC reclaims $1,566.10, the next Fibonacci extension targets are $1,884.97 and $2,400.95 further out. On the downside, the 0.618 retracement at $1,369.00 and the 0.5 level at $1,308.12 are the nearest support zones below the EMA cluster.
$1,391.77 to $1,477.19, the EMA zone, is the first support to watch. Below that, $1,369.00 and $1,308.12 mark the next levels down.
$1,566.10 is the immediate resistance, the recent high. Clearing it opens the path toward $1,884.97 and further out, $2,400.95.
Scenario
Trigger
Likely Outcome
Invalidation
Reclaim continues
Hold above $1,477, clear $1,566.10
Push toward $1,884.97
Close below $1,391.77
Range hold
Consolidate $1,477–$1,566
Base before next move
Break below $1,369.00
Breakdown
Close below $1,369.00
Slide toward $1,308.12
Reclaim $1,477.19
Possible over the longer term if ZEC reclaims $1,566.10 and the broader trend keeps extending along this Fibonacci structure. It's a multi-stage move, though $1,884.97 would need to clear first before $2,400.95 becomes realistic.
According to CoinGabbar analysts, The ZRC-20 mix-up is a reputational footnote rather than something that changes ZEC's actual fundamentals, and the chart backs that up: price is holding above its EMA support after the pullback.
$1,566.10 is the level that matters most now, reclaiming it would put the bigger Fibonacci targets back in play.
This article is for informational purposes only and isn't financial advice. Crypto markets are volatile. Always do your own research before making any trading decisions involving ZEC.
