4 weeks ago
16
Key Takeaways
- Buyers defended the $1,070 Fibonacci level.
- Daily RSI cooled while remaining positive.
- ZCSH reported more than $70M in inflows.
- NU7 vote and Fed decision arrive next.
Zcash retreats after climbing 285%
Zcash has pulled back from a rally that carried the token from a June low near $337.42 to a September peak close to $1,297. ZEC traded near $1,150 at the time of writing on September 12, roughly 11% below that high.
The decline came after ZEC broke above $1,000, a move examined in our previous Zcash price analysis. With that threshold now behind the market, attention has shifted to $1,070 – the 23.6% Fibonacci retracement of the June-to-September advance and ZEC’s first clear support reference during the pullback.
English (US)