Zcash price targets $840 as bullish trend holds

Zcash price recovered from a midweek drop and moved back above $800 as buyers defended the broader uptrend, but overbought momentum, weak capital flows, and a long-term bearish divergence raise the risk of another correction. Summary Zcash price rebounded from $760.30 and was trading near $807 after briefly approaching $880. Daily RSI stands at 72.29, keeping ZEC in overbought territory after its rapid advance. Liquidation data shows a major liquidity cluster around $835–$840 and another near $750. 4-hour Supertrend support at $731.71 remains the key level protecting the bullish structure. Zcash price recovers above $800 after sharp shakeout According to data from crypto.news, Zcash (ZEC) price opened Aug. 26 at $767.91 before falling to $760.30 as hotter-than-expected US inflation data pressured risk assets. ZEC subsequently recovered above $800 and traded at about $807 on Aug. 28, putting it roughly 6% above Wednesday’s opening level. The rebound followed an unusually strong rally that lifted ZEC from below $500 in mid-August to an eight-year high near $880. The 4-hour chart shows that the strongest leg of the move began around Aug. 19, when the token broke out of a prolonged con...