✍️Discussion on the possible price drop of privacy coin Zcash (ZEC) after its amazing run ——— OWLXAI intensive reading
1⃣️Zcash (ZEC) is a privacy-preserving cryptocurrency whose price has increased by 90% in the past 30 days;
2⃣️On August 10, the trading volume exceeded 145 million US dollars, but as of today, the indicator has dropped by 44.99% to 79.66 million;
3⃣️ZEC’s market capitalization has increased significantly, but trading volume has decreased, which may lead to a drop in price;
4⃣️Technical indicators show that ZEC may experience a pullback, and the price is expected to fall to $37.18 in the short term;
5⃣️If buying pressure increases, ZEC price might surpass $42.97 and even test the $44 area.
-----Current information is provided by owlx.ai💯
