Market News / Story
Zcash retreats from September highs as bears target drop to $1,000
Invezz ·
Invezz reports: Zcash’s September rally has given way to a substantial correction, with ZEC trading near $1,319 on October 7 as technical indicators suggest the pullback could extend. The retreat from its late-September peak around $1,700 has brought the token close to a previously identified downside zone of $1,220–$1,300. Weekly Fibonacci levels and a developing daily bear pennant now point to additional downside scenarios. However, the pennant requires a confirmed breakdown before its…