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Zcash down 30% from November’s top: Will ZEC price crash further?
Zcash has dropped about 30% from its November peak of $750, raising fears of deeper losses ahead, with some analysts warning of a potential “pump-and-dump.” As of Monday, Zcash traded within a symmetrical triangle pattern on the four-hour chart, reflecting indecision among traders following its 1,500% price rally since late September. The setup also followed a rebound from the 200-4H exponential moving average (200-4H EMA; the blue line), a key support trendline, suggesting a possible move toward the triangle’s upper boundary near the 0.786 Fib level at $686 in November. Symmetrical triangles can break either ... (full story)
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