Zcash (ZEC) Slips 8% Daily: Here’s Why One Analyst Believes the Price Could Crash to $200
🚀 Zcash (ZEC) has seen a staggering price increase of over 2,600% in the past year, briefly reaching a market cap of $25 billion and becoming one of the top 10 digital assets.
📉 Despite its recent surge, ZEC has faced a significant correction, dropping to around $1,470, with analysts warning of potential further declines to below $500 or even $200 in the coming years.
🔄 Some investors are shifting...
US new home sales beat expectations, but the data does not yet confirm a sustainable recovery
🏠 US new home sales reached an annualized 684,000 units in August, up 6.4% from the previous month and well above expectations of around 620,000. However, July was revised sharply higher from 607,000 to 643,000 units, so the 6.4% increase is based on the revised figure.
📉 The quality of the rebound remains mixed. The median price fell 5.8% year over year, while the average price declined 9.1% ...
$SOL
{spot}(SOLUSDT)
Turning to the charts, we see two potential buy zones for Solana if this pullback intensifies. The first, and closest one, is the $113 level, which was a key demand area on lower time frames.
However, the most likely landing zone for the token in the next few days should be the $107 – $110 price range. A strong bounce off this level will confirm that Solana is maintaining its bullish market structure, while providing an opportunity for late buyers to enter the rally at a mo...
$ETH update
the retest I was waiting for finally came
ETH traded through the $2,665–$2,700 area and even swept slightly below it, but importantly, we still haven’t had a 4H close below $2,640
so the setup is still alive
but I wouldn’t call the bounce fully convincing yet
ETF inflows are still positive, but they’re slowing, ETH/BTC still isn’t showing real strength, and the latest bounce was helped a lot by short liquidations
so if you took the retest, I think the position still makes sens...