sjeknlua
@sjeknlua
✍️ explores privacy coin Zcash (ZEC) could face a price drop after amazing run --- OWLXAI Fine Reads 1⃣️Zcash (ZEC) is a privacy-protecting cryptocurrency whose price has risen 90% in the last 30 days; 2⃣️Trading volume exceeded $145 million on August 10th, but as of today the metrics have dropped 44.99% to 79.66 million; 3⃣️ZEC's market capitalization has increased significantly, but trading volume has declined, which could lead to a price drop; 4⃣️Technical indicators suggest that ZEC may be in for a pullback and the price is expected to fall to $37.18 in the near term; 5⃣️ if buying pressure increases, the ZEC price could exceed $42.97 or even test the $44 area.
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bwnxnkid
@bwnxnkid
The decline in trading volume is a sign that ZEC could be headed for a price drop.
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