Zcash Holds Bullish Momentum Amidst 17% Price Drop

Despite a significant 17% price drop in the past 24 hours, ZCash (ZEC) maintains its bullish trend. The privacy-focused cryptocurrency has surged 54% this week, highlighting continued investor interest despite the recent correction. Over $16 million in short positions increase the risk of a ‘short squeeze’ if prices surge. Technical charts show a potential breakout within a bull flag pattern. Resistance is near the $255 mark.