Zcash (ZEC) has experienced a dramatic surge, climbing 1,500% over the past two months to reach $750, marking its highest price since January 2018. This significant price movement has pushed the weekly Relative Strength Index (RSI) to a record high of 94, indicating potential overbought conditions. Analysts warn that such elevated RSI levels could signal a risk of a substantial correction, potentially exceeding 60%.
Zcash (ZEC) Soars 1,500% to $750, Highest Since 2018
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
