Zcash: Recovers All Losses From Orchard Vulnerability

Zcash fully erased losses tied to the Orchard counterfeiting vulnerability disclosed June 4, climbing nearly 27% over the past day to reach $530.77.

Traders now eye whether momentum holds after the sharp rebound. With price testing upper Bollinger resistance at $521.13 while RSI(14) flashes overbought at 76.18, a healthy retracement to the 50-EMA support at $447.26 seems probable before further continuation, even as the MACD golden cross at 21.35 and EMA200 at $481.18 reinforce the broader bullish structure.

Market participants tracking ZEC price prediction models and crypto market crash scenarios should note this recovery also aligns with renewed interest in privacy assets, separate from unrelated flows in AI industry impact narratives.