Zcash Faces Technical Strain After Rally, Smart Money Moves Surge

Zcash has experienced a strong rally, but recent activity indicates some technical strain. The cryptocurrency’s price has stretched above its 200-day EMA, and indicators suggest potential short-term correction. While momentum remains present, experts are watching for support as the RSI displays bearish divergence and sell volume increases. Key Fibonacci retracement zones near the 200 EMA mark provide crucial confluence areas, with levels around $600.7 and .618–.706 potentially providing support if price declines.