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via BeInCrypto · By BeInCrypto Editorial

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

ZEC

ZEC/USDT

$1,012.19
+2.56%
24h Volume

$2,393,368,622.24

24h H/L

$1,050.70 / $967.00

Change: $83.70 (8.66%)

Funding Rate

+0.0007%

Longs pay

Data provided by COINOTAG DATALive data
ZEC
ZEC
Daily

$1,014.17

-0.86%

Volume (24h): -

Resistance Levels
Resistance 3$1,266.16
Resistance 2$1,109.09
Resistance 1$1,052.57
Price$1,014.17
Support 1$959.4339
Support 2$888.37
Support 3$791.2616
Pivot (PP):$1,002.25
Trend:Uptrend
RSI (14):78.7
BE
BeInCrypto Editorial
(10:27 AM UTC)
1 min read
MR
Approved byMichael Roberts

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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