The price of Zcash has experienced a strong rebound in this cycle, with an increase of more than 700% in three months, followed by a considerable pause. After a strong surge during the last week, the price is now pulling back, raising doubts about whether the momentum is fading or simply resetting.
While the short-term price action seems uncertain, on-chain and volume data suggest that buyers may still be in control. The next step depends on whether Zcash can turn the consolidation into a continuation.
ZEC
423.89
-8.77%