Zcash experiences a 10% decline following sharp rally – uncertainty looms for ZEC’s future

Following a remarkable surge, Zcash (ZEC) has experienced a 10% drop. This decline coincided with growing trading activity, highlighting a volatile market and signs that ZEC may be oversold.

With approximately 30% of ZEC in circulation, price volatility is expected. Increased Futures buying could provide support; however, market conditions will determine whether the recent downturn will continue.