Is Selling Zcash at $700 a Good Move? Analyst Explains Why

Zcash (ZEC) has soared this month, surging past the $700 mark after an explosive rally. This impressive performance has led to discussions about whether investors should capitalize on the current surge before potential price fluctuations. Well-known analyst Altcoin Sherpa recently shared his perspective and recommends selling his ZEC position as a profit-taking strategy. He believes this level presents a smart opportunity for locking in gains, citing a historical resistance zone at around $749-$750 that has often acted as a strong barrier for price growth.