Zcash price could reclaim $1,300 as selling pressure begins to ease

Zcash price has started recovering from its recent selloff, with easing selling pressure on shorter timeframes raising the possibility of a move back toward $1,300. Zcash price recovered above $1,200 after recent losses, with easing selling pressure raising the possibility of a move toward $1,300. Developers are targeting January for quantum resistant payment support, while institutional interest in ZEC continues through ETF developments. ZEC remains above its 50 day EMA near $1,185, although the 20 day EMA at $1,337 continues to act as resistance.

Source: crypto.news