Zcash (ZEC) is facing mounting technical and sentiment-based headwinds after a swift price rally propelled it above the $1,200 level. Technical analysts have begun to flag warning signals that the current momentum may be unsustainable in the short term. At publication time, ZEC traded at $1,225.43, with a 24-hour trading volume of $4.79 billion and a market capitalization of $20.61 billion. The token fell 1.67% over the last day, suggesting its recent surge is losing steam.