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Crypto

$213M in Zcash Migrates to Ironwood

Guavy AI Editorial Team
Instruments
ZEC
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Zcash native tokens worth more than $213 million have migrated to Ironwood.

The price of ZEC is currently at $476.29, below both its EMA50 and EMA200 levels, indicating a bearish market structure.

Additionally, the MACD has printed a golden cross at -5.5, which could signal a potential reversal in the trend.

The price of ZEC is testing the upper Bollinger resistance at $495.13 and the RSI is neutral at 49.0, suggesting a possible retracement toward the 50-EMA support near $488 before any continuation.

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