✍️ 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.

This is a positive step for both Ethena Labs and Solana. Let's see how it plays out.