ZEC zoomed 12% amid the fee discussion, beating gains across all major tokens.
Zcash Floats Dynamic Fee Plan to Ensure Users Won’t Be Priced Out
ZEC zoomed 12% amid the fee discussion, beating gains across all major tokens.
Shares:
The token slips from $3.02 to $2.89 in the August 28–29 window on above-average volumes before recovering toward $2.83–$2.89 support zones. Oversold signals and whale accumulation offset persistent selling pressure
The move is indicative of mounting resistance near $3.02, even as traders weigh ETF catalysts and rising exchange reserves that may temper bullish momentum.
Low supply concentration in this range may lead to heightened volatility.
This week's redemptions reached the highest level since November, a signal that often marks a local bottom in the price of bitcoin.