Zcash Bearish Divergence Sparks 15-20% Downside Projection

Zcash has flashed a bearish signal on its daily chart, according to analyst CryptoBullet1. The Relative Strength Index (RSI) shows a lower high while price climbed to a recent peak near $1,700.

This disconnect between higher price and lower momentum is known as bearish divergence. It suggests that fewer buyers are participating in each successive push upward, signaling a potential decline in the cryptocurrency's value.

The analyst projects a breakdown trajectory targeting the $1,200-$1,300 support zone, representing a 15-20% drop from current levels near $1,535.