Zcash jumps 19.5% to $1,369, hitting a 9-year high
- —ZEC rose 19.5% to $1,368.99 on $2.67 billion in volume (+109% vs. average)
- —RSI at 75.1 and stochastic at 97.3 signal extreme overbought conditions
- —Futures open interest fell 20%, with $17.2 million in long liquidations
- —Up 168% over the month, still 77% below its 2016 all-time high
Why it matters: Privacy coins have become the leader of the rotation, but extreme overbought conditions threaten a sharp correction.
Source: DiarioBitcoin