Zcash is Dead: Long Live Zcash
ZEC has broken long term support at $22 and appears poised to test the COVID low of $17. Sentiment online is the worst I've ever seen. Let's explore some charts!
As of hitting “send it,” Zcash ($ZEC-USD) is trading well under $20 and it appears ZEC could even test $17 by the end of the week if not the end of the day. On December 10th ZEC nearly hit $39. For essentially the last month, the coin has gone down 50% in virtually a straight line.
This is sad to watch on s…
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