Zcash Price Slides—Can $1,050 Support Hold?

TLDR Zcash dropped about 16% after recently trading above $1,200. ZEC liquidations reached $28.37 million over the past 24 hours. Long positions accounted for $23.75 million of total liquidations. The Zcash price remains above its major daily moving averages. RSI cooled to around 64, showing weaker momentum after the rally. Zcash (ZEC) faced heavy selling [...]

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