Zcash Price Enters Turbulent Territory as $2,000 Target Looms

Zcash's price has been on a tear, rising over 190% since August when it traded near $500. The token reached an intraday high of $1,535.82 before sellers pushed it back below $1,500.

According to the daily chart, ZEC traded at approximately $1,455 at the time of writing, down 0.78% during the current daily session.

The pullback came after an accelerated advance from the $1,100 area, where ZEC broke above $1,250 and $1,375 with limited consolidation before testing the $1,500 Murrey Math resistance level.