Zcash Price Is Flashing a Warning Sign for Bitcoin and Ethereum

Zcash price has rallied for the past 10 months, while Bitcoin and Ethereum have largely struggled. In fact, ZEC gained 147% year-to-date. However, the privacy coin is now showing selling pressure on its short-term charts. After a sustained rally, ZEC traders have accumulated gains they may want to protect if momentum fades. Zcash’s Rally Faces a Critical Technical Test The hourly picture has softened. ZEC has slipped below short-term moving averages, suggesting buyers are losing immediate control. However, the daily chart remains relatively strong. Its relative strength index (RSI) is around 55, while the price remains above longer-term moving averages. The next major support sits near $1,249. A sustained break below that level could expose $1,131.

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