ZEC drops 5% to $1,318 and tests key support levels
- —Price at $1,318.24, volume $0.854M — 43.99% below the 30-day average
- —Bearish MACD, RSI at 49.6, stochastic at 9.4 — weak momentum
- —ZEC holds above SMA-50, SMA-90 and SMA-200 but below 5–20 day averages
- —Wallets tied to the Bitget hack moved $3.9M into a shielded Zcash pool
Why it matters: The pullback follows a 717% yearly gain and could mark a deeper correction, while ZEC's link to Bitget hack funds raises regulatory scrutiny of shielded transactions.
Source: DiarioBitcoin