Zcash falls 7.34% as its rebound stalls—Can $1,200 hold?

Zcash [ZEC] lost 7.34% on October 22, interrupting a recovery that saw it briefly go above the $1,300 price area. At the time of this writing, it was near the $1,225 price level, slightly above the day’s opening level. The setback puts the $1,200 price area back in focus as futures numbers also decline. All this is coming as developers release software for the planned network upgrade in November, giving holders another development to watch apart from the daily swings. A setback after a sharp recovery ZEC had climbed from about $1,100 toward $1,350 before Thursday’s decline of over 7% erased most of that gain. But despite the loss, the daily chart shows some ground remains below the price.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to AMBCrypto.