ZEC at $1,535 after rally to $1,600: RSI above 70, correction risk grows
- —ZEC rose to nearly $1,600 in 24 hours, trading at $1,535
- —RSI above 70 for almost 30 days, CMF at 0.22
- —Garrett Jin holds 202,078 ZEC worth $312.8 million with $224.5 million profit
- —If it reverses, possible targets are $1,255, $1,055, $890 and $740
Why it matters: An overheated RSI and concentrated positions held by a large player make ZEC's move binary: either a continued rally to $1,750–2,000 or a sharp pullback to support.
Source: Coinpedia