Zcash Price Falls Back Towards $1,400 After Losing $1,500 Support

Zcash has been experiencing a decline in price after reaching its September rally highs. The token is currently trading near $1,400, having fallen back towards this area after losing support at $1,500.

The Relative Strength Index (RSI) has fallen to 53.41, while the moving average remains higher near 65.60. This suggests that momentum has cooled down, with the RSI sitting close to neutral and showing less buying strength than earlier in the month.

Analysts are watching support closer to $1,200, with Alpha Crypto Signal identifying 1,170-1,210 as the next potential zone for bullish confirmation on ZEC. If the pullback continues, this could be a key area for a long setup to form.