Zcash Price Falls 4.4%, Tests Support After 50-Day SMA Break
Photo: Coindoo
ZEC tests $1,140 after a 31% decline from its peak ZEC traded near $1,163 on October 14 at 15:22 UTC, according to the ZEC/USD daily chart on TradingView . Its intraday low near $1,145 brought it close to the 38.2% Fibonacci retracement at $1,140. The Fibonacci levels track the advance from $250 to $1,690. ZEC is now approximately 31% below that peak, following a rally that saw Zcash overtake Hyperliquid . The $1,140 area has already been tested several times in recent days. Some candles briefly dipped below it before recovering, leaving lower wicks around the same price band.
Source: Coindoo
