Zcash experienced a 14.36% correction over 24 hours, flushing leveraged positions accumulated during its extended rally toward the $1,300 region. Open interest had reached $1.35 billion, leaving bullish traders exposed when price retreated, with two leveraged longs liquidated for combined losses of $4.33 million. Critical support at $1,075 is currently attracting buyers, with RSI cooling to 63.85 from overbought territory. If this support holds, a rebound toward the $1,180-$1,200 liquidity zone appears possible, while a breakdown would expose the next order block around $970.
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