{"id":225666,"date":"2026-09-10T20:19:03","date_gmt":"2026-09-10T20:19:03","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=225666"},"modified":"2026-09-10T20:19:03","modified_gmt":"2026-09-10T20:19:03","slug":"3-reasons-why-zcash-zec-can-plunge-following-its-150-monthly-explosion","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=225666","title":{"rendered":"3 Reasons Why Zcash (ZEC) Can Plunge Following Its 150% Monthly Explosion"},"content":{"rendered":"

ZEC has undoubtedly become crypto\u2019s rock star lately, with its price skyrocketing to a ten-year high above $1,200.<\/p>\n

However, certain worrying signals suggest that a short-term pullback may abruptly replace the rally.<\/p>\n

Are the Bears Coming?<\/h2>\n

Earlier this month, ZEC surpassed $1,200 for the first time since 2016 and reached almost $1,300. Currently, it trades around $1,220 (per CoinGecko), representing a 150% monthly increase and a staggering 2,450% explosion on a yearly scale. The main drivers behind the spectacular surge include the launch of Grayscale\u2019s ZEC ETF, along with other factors, which you can explore in our detailed article here<\/a>.<\/p>\n

Nonetheless, three key developments suggest the asset\u2019s relentless climb may be coming to an end. The first one is the TD Sequential indicator, which, according<\/a> to analyst Ali Martinez, has flashed a sell signal on the 3-day chart.<\/p>\n

\u201cThe last time this setup appeared, on May 19, it resulted in a 64% price correction. Worth paying attention to this one,\u201d he said.<\/p>\n

The second is ZEC\u2019s Relative Strength Index (RSI), which has surged past 70. This indicates that the token has entered overbought territory and could be gearing up for a pullback. Conversely, ratios under 30 are typically considered bullish.<\/p>\n

<\/a>ZEC RSI, Source: CryptoWaves<\/p>\n

Last but not least, investors have been shifting from self-custody to crypto exchanges. This development is interpreted as bearish because it increases immediate selling pressure.<\/p>\n

<\/a>ZEC Exchange Netflow, Source: CoinGlass<\/p>\n

$10K on the Way?<\/h2>\n

Despite the worrying signals mentioned above, many market observers believe ZEC still has plenty of fuel left to post further gains. X user Altcoin Sherpa described<\/a> the $1,000 and $1,100 levels as \u201cinteresting,\u201d adding they would rather see price spend time in a specific region and \u201cbase out\u201d than check the exact price for the bottom.<\/p>\n

\u201cI still think this is a fantastic one to buy though for this cycle,\u201d the analyst concluded.<\/p>\n

Crypto With Harris \u20bf argued<\/a> that as long as the price stays above $1,050, \u201cthere is no need to worry.\u201d In his view, the masses buying now out of FOMO could trigger a major pump to a new all-time high of $10,000, and he predicts ZEC could reach that milestone before Ethereum (ETH).<\/p>\n

The post 3 Reasons Why Zcash (ZEC) Can Plunge Following Its 150% Monthly Explosion<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

ZEC has undoubtedly become crypto\u2019s rock star lately, with its price skyrocketing to a ten-year high above $1,200. However, certain worrying signals suggest that a short-term pullback may abruptly replace the rally. Are the Bears Coming? Earlier this month, ZEC surpassed $1,200 for the first time since 2016 and reached almost $1,300. Currently, it trades […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-225666","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/225666"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=225666"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/225666\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=225666"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=225666"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=225666"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}