ZEC: Plunges 38% on Zcash Vulnerability Disclosure | Flash News Detail | Blockchain.News
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6/5/2026 11:12:00 AM

ZEC: Plunges 38% on Zcash Vulnerability Disclosure

ZEC: Plunges 38% on Zcash Vulnerability Disclosure

ZEC drops 38% to $297.74 after Zcash discloses critical counterfeiting vulnerability, with 4h chart showing RSI at 17.45 oversold and bearish MACD.

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Analysis

ZEC plunged 38% after Zcash disclosed a critical counterfeiting vulnerability. The token now trades at $297.74 with EMA50 resistance at $530.5 and EMA200 at $518.09 capping upside in a sustained bearish trend. On the 4h chart, RSI(14) at 17.45 signals deep oversold conditions while MACD at -59.84 confirms the death cross, and price tests lower Bollinger support near $304.9, setting up potential short-term exhaustion before any relief rally. ZEC price prediction models must now price in renewed security scrutiny tied to shielded transaction history.


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