ZEC Price Drops After Reaching New All-Time High

Zcash (ZEC) price surged by 82% in August, reaching an all-time high of $880 by late August. The breakout from a symmetrical triangle triggered this move, but after touching the peak, ZEC cooled down to around $803.

The broader setup remains aggressive, with ZEC now in discovery. Another wave of bullish demand could push the token back towards $880. If that level is reclaimed, the market would once again have no established resistance above the previous peak.

However, the pullback from $880 to the $800 area indicates that traders have not simply chased the breakout indefinitely.