Zcash tops $1,256 but awaits daily close for confirmation
- —Zcash at $1,256.32 sits above EMA20 $1,230.39, EMA50 $1,192.52 and EMA200 $820.60
- —Daily RSI at 48.3 stays below 50; MACD histogram positive for a third reading
- —Key trigger is an hourly close above R1 at $1,265.53
- —Total crypto market cap $2.72T, down 1.6% in 24 hours; BTC dominance 59.47%
Why it matters: A close above $1,265 would confirm ZEC's continuation; a drop back below $1,246 would invalidate the setup.
Source: The Cryptonomist (IT)