Zcash governance in turmoil: How low can ZEC price go?

Zcash’s technical and fundamental catalysts raise the odds of ZEC price declining to as low as $200 in the coming weeks after core developers exited the project.

Zcash (ZEC) slid more than 20% on Thursday to around $381, marking its weakest price level in three weeks, as markets reacted to the sudden resignation of the core development team from the Electric Coin Company (ECC).

Key takeaways:

Chart technicals put $200–$300 as the next downside target for ZEC.

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