Zcash Price Teeters on Support as Leverage Flush Continues

Zcash's price has been under pressure after retreating from its multi-year high of $1,290. The token currently trades near $1,139 and remains below the 4-hour Supertrend resistance at $1,206 but above support at $1,123.

The daily RSI has cooled to 62.38, signaling weaker momentum without confirming a bearish reversal.

A break below $1,100 may expose $1,000, while reclaiming $1,206 could reopen the path toward $1,290.

Increased profit-taking and liquidations have been triggered by the derivatives market reset after leveraged traders added exposure during Zcash's rapid rally.