Analyst warns ZEC is overheated after 65% surge

Zcash rose about 65% last week, but analyst Crypto with Haris cautioned that ZEC is not Bitcoin and may have a fair value below 500美元. Haris noted that ZEC's real value could be under 500美元 due to a vulnerability discovered months ago that may have allowed counterfeit ZEC to be created. Following an emergency upgrade, ZEC's price dropped from 624美元 to 309美元 in 48 hours. The analyst stated that ZEC is currently overheated, with a relative strength index above 85, its price significantly above the daily moving average, and a breakout above the upper Bollinger Band. Additionally, a large portion of recent trading volume has come from futures rather than spot trading, and Haris warned against claims from influencers suggesting ZEC could rise to 2000美元 or become a second Bitcoin.

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