Zcash Outpaces Bitcoin and Ethereum, but Analyst Flags Three Cracks in the Rally
BeInCrypto
Zcash has surged recently, but analysts warn that a lack of on-chain support and waning social sentiment could threaten the rally's sustainability.Summary
Zcash (ZEC) has seen a significant price increase of 16.8% over the past week, outperforming major assets like Bitcoin and Ethereum. While some traders are optimistic about further upside after clearing key resistance levels, market experts remain cautious. Joao Wedson, CEO of Alphractal, identifies three primary concerns: a lack of supporting on-chain structure, a significant decline in social media engagement, and unrealistic price targets based on the 'Alpha Price' metric. Consequently, analysts suggest that despite short-term gains, the rally may be fragile and susceptible to a pullback.
(Source：BeInCrypto)