Zcash Pulls Back From $1,680 to $1,568 as Daily RSI Momentum Slows
- —ZEC fell from $1,676 to $1,568, with the daily candle down 3.8%
- —Weekly gains hold at 3.6%, with the weekly RSI at 77.4
- —Daily RSI at 67.7 versus a prior peak above 80 signals divergence
- —Price sits 73% above its 50-day average and 211% above its 50-week average
Why it matters: A break below the $1,500–1,525 support zone would open the way to $1,370, where the 23.6% Fibonacci level meets the rising channel.
Source: Coindoo