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.
Bullish 0
Bearish 0
Source:Decrypt
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