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Zcash retests $56 as resistance; these Fib levels can serve as support

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Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the opinion of the writer.Since early April, Zcash has been on a steady downtrend.

It formed a peak at $210 in late March, but its higher timeframe market structure has been bearish since mid-April. At that time, the price fell below the $160 area, which had formerly been a support level.

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