Zcash recovery needs a daily close above $1,277.62 to turn bullish
Photo: The Cryptonomist
Trading on Binance at $1,234.17 as of October 16, 2026, the Zcash price faces a short-term recovery colliding with an unresolved daily correction. The main scenario is neutral : daily momentum remains negative, but price holds above longer-term averages. Key takeaways Zcash trades at $1,234.17 with daily RSI at 46.7, still below its midpoint despite rising A daily close above $1,277.62 (EMA20) is needed to confirm a bullish recovery toward $1,291.97 A daily close below $1,189.44 (EMA50) would break support and expose the daily pivot at $1,183.48 The daily MACD histogram remains negative, although its downward magnitude is narrowing Broader…
Source: The Cryptonomist
