Zcash price extends rally with 31% jump but technicals show signs of exhaustion 📈
Zcash price has witnessed a remarkable 31% surge over the past 24 hours, now trading at $171.84. The cryptocurrency's rally has pushed it up by 40% recently. However, technical indicators are hinting at a potential exhaustion phase for the coin.
Overbought signals have emerged alongside soaring open interest, suggesting that Zcash's explosive growth might not be sustainable in the current climate. As traders and investors closely monitor these indicators, the future trajectory of Zcash remains uncertain.
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