Zcash Price Repeats Setup Behind Its 250% Rally, Analyst Says

The Zcash price may be gearing up for its next big move. After a sharp pullback from its all-time high, ZEC is consolidating in a range that looks strikingly similar to the one that launched its last explosive rally. ZEC has spent the past several weeks trading between roughly $1,200 and $1,400, after peaking near $1,700 in late September. The token briefly pushed back toward $1,370 this week after the NU7 network upgrade went live. According to crypto analyst Alaoui Capital, this is not the first time Zcash has built a base like this. In a post on X , the analyst pointed out that ZEC consolidated around the $450 to $480 area over the summer before breaking out and running all the way to its record high.

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