Zcash Drops 21% From Peak to $1,333 After 253% Rally
- —ZEC fell 7.29% on the day to $1,333.50, about 21% below its $1,698 peak
- —The rally totaled 253% from a $480.72 base to the September high
- —Grayscale's Zcash ETF (ZCSH) saw a $30.25 million outflow, with $268 million in cumulative inflows
- —RSI at 50.2 is neutral, while ADX at 52 signals a strong but lagging trend
Why it matters: ETF outflows and a pullback after a 253% rally test demand for ZEC; a close below $1,233 would add pressure, while reclaiming $1,410 would resume the uptrend.
Source: Decrypt