Zcash leads US–Iran ceasefire rally with 30% gains: ZEC price bull trap?

Zcash leads US–Iran ceasefire rally with 30% gains: ZEC price bull trap?

2.27%TRX$0.3181 1.27%LINK$9.07 4.80%ADA$0.2551 4.61%BCH$445.79 2.44%XRP$1.36 3.98%ETH$2,229 6.00%BTC$71,776 4.37%XMR$335.71 2.17%BNB$606.60 0.33%XLM$0.1599 2.91%SOL$83.87 4.49%HYPE$38.58 5.50%USD Written by Yashu Gola,Staff WriterReviewed by Allen Scott,Staff EditorZcash leads US–Iran ceasefire rally with 30% gains: ZEC price bull trap?3 hours agoZEC's latest rebound resembled bounces witnessed during the 2021 bear market, raising the odds of a 40% correction in the coming weeks. Zcash (ZEC) rallied after President Donald Trump announced a two-week ceasefire deal with Iran, leading gains in a broader relief rally across global risk markets. A 2021-style fractal warns ZEC price could fall 40% toward in the coming weeks. Over $50 million in long leverage sits below current prices, leaving ZEC exposed to a possible crash. The privacy coin rose over 30% in the past 24 hours to $336.50 on Tue

Source: https://cointelegraph.com/news/zcash-us-iran-ceasefire-rally-30percent-gain-zec-price-bull-trap?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound