Zcash (ZEC) is signaling a potential bearish trend reversal after rejecting key resistance at $525, as social sentiment metrics flash a sell signal that has historically preceded drops of 40% to 50%.
Zcash price has fallen toward the $500 psychological support as a 4-hour breakdown, leveraged liquidations, and caution before the Ironwood upgrade have weakened market sentiment. According to data from crypto.
Zcash launched Zebra 6.2.1 with two security improvements in chain synchronization and mempool verification, along with a specific fix for the testnet. The development team recommended all node operators update as soon as possible.