ZEC: Zcash Drops 40% After Years-Old Bug Reveal
ZEC falls over 40% to $321.99 after hidden Zcash bug allowing unlimited fake tokens exposed, with RSI at 20.9 and MACD death cross confirming bearish pressure.
SourceAnalysis
ZEC plunged more than 40% in one session after a years-old vulnerability in Zcash surfaced that could have enabled unlimited counterfeit tokens without detection.
Price action shows ZEC at $321.99 testing below the lower Bollinger Band support of $353.03 while the EMA50 at $540.96 and EMA200 at $520.62 function as firm overhead resistance in the prevailing bearish structure. With RSI(14) at 20.9 marking oversold momentum and MACD at -48.3 locked in a death cross, any bounce attempt faces immediate rejection at those exponential moving average levels before further downside continuation materializes.
Kashif Raza
@simplykashifThis personal account shares perspectives on technology startups and digital innovation, with content spanning AI advancements, software development trends, and entrepreneurial strategies for building tech-focused businesses.
Premium Sponsors
.jpg)