ZEC rises 4.4% to $1,516, approaching $1,581 resistance
- —Price at $1,516.48: +4.40% in 24h, +32.38% weekly, +95.66% monthly
- —Grayscale prepares a 3-for-1 split of its Zcash ETF after $233M inflows
- —A $36.13M short was liquidated at a loss, adding to the upside
- —RSI at 73.9 and stochastic at 87.8 signal overbought conditions
Why it matters: ZEC remains the leader of the privacy-token rally, but overbought readings raise the risk of a pullback toward its moving averages.
Source: DiarioBitcoin