Zcash holds near $1,512 after 156% monthly gain, RSI in overbought territory
- —ZEC at $1,512.36, down 0.50% in 24 hours, up 156.48% over 30 days
- —RSI(14) at 78.3 and stochastic at 87.0 point to overbought conditions
- —Grayscale splits its Zcash ETF 3-for-1 after $233 million in inflows
- —The NU7 upgrade, activating November 5, will make transactions three times faster
Why it matters: Fundamental drivers (NU7, the ETF) support the trend, but overbought conditions raise the risk of a sharp correction toward support at $1,156.
Source: DiarioBitcoin