BeInCrypto ID
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Zcash Leverage Pattern Indicates Delayed Rally — Is US$404 Now an Important Threshold?
The price of Zcash has started to cool off after a strong rally over the past few months. Although this token is still up more than 650% in the last three months, the latest trend indicates a cautious attitude. ZEC has dropped about 11% in the last seven days and has already corrected almost 43% throughout this month.
This correction raises a simple question: Is this just a brief pause, or is the rally starting to lose momentum? Leverage data, on-chain signals, and price levels suggest the answer depends heavily on one thing: can Zcash reclaim US$404?
This correction raises a simple question: Is this just a brief pause, or is the rally starting to lose momentum? Leverage data, on-chain signals, and price levels suggest the answer depends heavily on one thing: can Zcash reclaim US$404?
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ZEC
377.6
-6.01%