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via BeInCrypto · By BeInCrypto Editorial

Zcash Jumps 6%, But On-Chain Data Flashes a Warning

ZEC

ZEC/USDT

$486.39

-0.56%

$486.39

-0.56%

(24s)

24h Volume

$172,928,206.14

24h H/L

$492.64 / $484.25

Change: $8.39 (1.73%)

Funding Rate

+0.0001%

Longs pay

Data provided by COINOTAG DATALive data

ZEC

Daily

$485.81

▼ -0.45%

Volume (24h): -

Resistance Levels

Resistance 3$522.1055

Resistance 2$503.9667

Resistance 1$489.1486

Price$485.81

Support 1$484.83

Support 2$470.2241

Support 3$440.2146

Pivot (PP):$490.9967

Trend:Sideways

RSI (14):47.2

BeInCrypto Editorial

(10:27 AM UTC)

1 min read

Approved byMichael Roberts

0 comments

Zcash (ZEC) is trading near $432, up about 6% today but down roughly 30% over the past month following the Orchard pool bug. The headline news settled by June 6, but on-chain data shows the damage is still moving through the network.

A critical flaw in Zcash’s Orchard shielded pool, disclosed June 5 but proactively patched days earlier, drove the crash. With price stabilizing, the deeper story now…

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Source

BeInCrypto Editorial · BeInCrypto

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