Zcash holds near $1,400 as ETF outflows raise downside risk
- —ZEC has fallen about 15% over three days from a $1,698 high to $1,412
- —Grayscale's ZCSH fund recorded $8.12 million in outflows Monday
- —Four-hour RSI is near 41 and MACD remains in negative territory
- —Nearest support is $1,296, followed by the 200-period EMA at $1,254
Why it matters: ETF outflows are eroding a key driver of Zcash's rally; holding $1,300 will determine whether the correction deepens.
Source: Invezz