Zcash drops 20% on Thursday after ECC core team quits; charts point to $200–$300

On Thursday, Zcash (ZEC) fell more than 20% to about $381 after the ECC's core development team resigned. Technical patterns, including a descending channel and a bear flag, indicate potential downside toward $200–$300, with some analyses suggesting a 40–50% drop in the weeks ahead.