Zcash Faces Potential Correction After Recent Rally
Zcash (ZEC) has experienced a significant price correction, trading around $1,466 after reaching highs near $1,700 in September. While the asset remains well above its year-ago price of $60, a bearish divergence on the four-hour RSI suggests a loss of buying momentum. Analysts note that while the current structure retains support from institutional flows and ETF activity, the divergence serves as a cautionary signal for short-term traders.
Summaries are written by AI from the original article. Not investment advice.