Zcash rally stalls as ZEC holds above $1,500 after 81% monthly gain
- —ZEC fell 1.71% to $1,504.64 after gaining 81.25% in 30 days
- —RSI at 70.9 and stochastic at 85.5 point to overbought conditions
- —24-hour volume of $1.53 billion is 6.13% above the 30-day average
- —Support at SMA-7 of $1,429.1, resistance at $1,581.03
Why it matters: The pullback may be profit-taking, but overbought readings raise the risk of a deeper correction across privacy tokens.
Source: DiarioBitcoin