Crypto
Zcash Prices Crash 16% in 24 Hours
Zcash (ZEC) prices plummeted by approximately 16% from its recent high, resulting in a massive $28.37 million in liquidations over the past 24 hours.
The majority of these liquidations, totaling $23.75 million, occurred on long positions, and were largely driven by short-side trades.
Despite ZEC's price currently being above its basic moving averages, volatility remains high, with a support range of $1,050 to $1,100 for the asset identified.