Zcash’s (ZEC) Major Uptrend, Recent Cardano (ADA) Predictions, and More: Bits Recap September 11

Here's everything most interesting related to the performance of ZEC, ADA, and ETH. The privacy coin ZEC has stunned the crypto world lately, after briefly rising to a ten-year high of almost $1,300. However, bears stepped in and erased much of the gains, and it remains unclear whether the rally will resume. Cardano’s ADA has been the subject of optimistic price forecasts, while Ethereum (ETH) appears to be at a crossroads. What Now for ZEC? The token has been crypto’s top performer over the past few weeks, with its price skyrocketing by 130% in a month and its market capitalization temporarily surging past $20 billion. Potential catalysts include the launch of Grayscale’s ZEC ETF, along with other factors we covered in our article here. However, bears eventually halted the upswing, and three key developments suggest a more substantial pullback may be on the horizon. According to Ali Martinez, one of those is the TD Sequential indicator, which flashed a sell signal on the 3-day chart. “The last time this setup appeared, on May 19, it resulted in a 64% price correction. Worth paying attention to this one,” he noted. Other factors include ZEC’s RSI soaring above 70 and entering beari...