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Zcash price drops nearly 13%, testing key $520 support amid bearish head-and-shoulders pattern.

Technical Signals
04 Jun 2026
Crypto news
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Bearish
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Zcash (ZEC) price fell almost 13% in 24 hours, nearing $540 as traders focus on a bearish head-and-shoulders pattern with critical support near $520. A breakdown below this level could lead to a deeper correction toward $390, while a recovery above $610–$650 would invalidate the bearish setup and target May highs near $690. Technical indicators show weakening momentum and increased selling pressure, but the $520 support remains a key battleground. Macro risks and Bitcoin's performance add further uncertainty to Zcash's near-term outlook.

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