Zcash price crashes 18% after vertical rally – is more downside ahead? 📉
Zcash's price has plummeted by 18% following a swift rally that saw values peak at $176. This drop comes as part of a pullback, and initial support for Zcash is anticipated around $120, with the potential for the correction to deepen further to approximately $90.
The rally that preceded this decline was described as parabolic and peaked near $176, driven partly by the influence of Grayscale's actions surrounding Zcash. As the market assesses this volatile swing, investors are keenly monitoring the price movements to gauge potential future fluctuations.
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