Zcash Price Analysis: Can ZEC Recover After the $1,300 Rejection?
Photo: Coinpedia
Zcash recorded a massive 250% rally over the past couple of months, but bears capped it below $1,700, pushing the price down by more than 37%. Currently, the price has recovered to some extent, but the bearish action does not seem to have eased on the ZEC price rally. The popular privacy token failed to rise above $1,400, which has now turned into one of the important immediate resistance levels. Besides the pullback, the derivative data has also dropped significantly, suggesting traders are stepping out of the market. Meanwhile, the upcoming NU7 upgrade is looked upon as a major catalyst.
Source: Coinpedia
