🚨 $ZEC UNDER PRESSURE! ZEC FACES A MAJOR MARKET TEST
$ZEC is facing another difficult trading session as selling pressure continues across the crypto market.
Here's what's happening:
📉 ZEC is trading around $850, down nearly 9% in 24 hours.
⚠️ The price has dropped almost 30% over the past seven days.
💥 Around $39.9 million in ZEC futures positions were liquidated in 24 hours, mostly long positions.
👀 Another important development: Zcash holders are expected to begin voting on November 16 on a proposal involving 50,000 ZEC from the community grants treasury.
ZEC is going through a serious correction after its strong rally. Heavy liquidations show how risky leveraged trading has become. However, Zcash's recent NU7 upgrade and upcoming community vote keep its long-term story interesting. I'd watch price stability and buying volume before expecting a strong recovery.DYOR
$ZEC
🔥 Can ZEC recover from this sell-off, or is more downside ahead?
#ZEC #Zcash #CryptoMarket #PrivacyCoins #BinanceSquare
$ZEC is facing another difficult trading session as selling pressure continues across the crypto market.
Here's what's happening:
📉 ZEC is trading around $850, down nearly 9% in 24 hours.
⚠️ The price has dropped almost 30% over the past seven days.
💥 Around $39.9 million in ZEC futures positions were liquidated in 24 hours, mostly long positions.
👀 Another important development: Zcash holders are expected to begin voting on November 16 on a proposal involving 50,000 ZEC from the community grants treasury.
ZEC is going through a serious correction after its strong rally. Heavy liquidations show how risky leveraged trading has become. However, Zcash's recent NU7 upgrade and upcoming community vote keep its long-term story interesting. I'd watch price stability and buying volume before expecting a strong recovery.DYOR
$ZEC
🔥 Can ZEC recover from this sell-off, or is more downside ahead?
#ZEC #Zcash #CryptoMarket #PrivacyCoins #BinanceSquare
