Analyst: Zcash has fallen 21% from its recent high, but the rebound may not be over yet.
2026-10-02 05:32:46
According to CoinMeta, Zcash ( ZEC ) performed poorly during Thursday's trading, with a current trading price of $1,333.50, which represents a 7.29% decline from the intraday high. This has brought ZEC about 21% away from its peak of $1,698.00 at the end of September. Despite the overall poor market performance, Bitcoin quickly rebounded on Wednesday after PCE inflation data rose to 85,600 dollars. Grayscale's Zcash ETF (code: ZCSH ), launched on August 25th, attracted $233 million in net inflows in mid-September, but yesterday it recorded a net outflow of $30.25 million, with a cumulative net inflow of nearly $268 million. The hacker attack on Bitget exchange also affected market sentiment, as hackers stole approximately $387 million on September 24th. Although Zcash remains bullish, the price trend over the past five days shows clear signs of correction. The Relative Strength Index ( RSI ) is at 50.2, indicating that the market is in a neutral state.
Source:Decrypt
This content is for market information only and does not constitute investment advice.
Follow HKWDB official accounts to stay updated

Hot Articles
Refresh

Bitcoin October 2026 Outlook: Can the 19% Historical Gain Hold?
09-30 12:57

Dogecoin Price: Whales Buy $112M, Can DOGE Break $0.10?
09-29 12:48

What is Solidigm? Is Its $150B IPO Valuation a Bubble?
09-28 13:00

Is PAXG Stable? Is Gold-Backed Better Than Stablecoins?
09-24 18:04

ETH Rebounds to $2,800: Can It Hold $3,200 by Month-End?
09-23 11:07



