Zcash ($ZEC ) is trading near $1,550, up more than 30% over the past week after touching a fresh high around $1,589 on September 19. The rally is backed by a golden cross, with the 50-day EMA crossing above the 200-day, confirming a strong bullish structure. Momentum is being fueled by anticipation of the NU7 network upgrade, scheduled for September 30. $ZEC
However, daily RSI has pushed into overbought territory, raising the odds of short-term consolidation or a pullback toward the $1,325–$1,256 support zone. Resistance sits near $1,600. As a privacy-focused Bitcoin fork, ZEC remains one of this month's standout performers. $ZEC #Zcash #CryptoUpdate #HKCompletesFirstHKDStablecoinUseCase #SOLJumpsAbout10% #BitcoinMarketCapTopsTesla
However, daily RSI has pushed into overbought territory, raising the odds of short-term consolidation or a pullback toward the $1,325–$1,256 support zone. Resistance sits near $1,600. As a privacy-focused Bitcoin fork, ZEC remains one of this month's standout performers. $ZEC #Zcash #CryptoUpdate #HKCompletesFirstHKDStablecoinUseCase #SOLJumpsAbout10% #BitcoinMarketCapTopsTesla
