The crypto market remained on edge today, June 5, with Bitcoin and most altcoins being in the red. The valuation of all coins retreated by 1.68% in the last 24 hours to $2.1 trillion. This article provides a forecast for top tokens like Zcash (ZEC), Cardano (ADA), and Pi Network Coin (PI).

Zcash price technical analysis

Zcash price has slumped in the past few days, moving from a high of $685 on May 20th to the current $400. It has slumped in the past two consecutive days, erasing millions of dollars in value.

This retreat happened as the privacy token formed a head-and-shoulders pattern, a common bearish reversal sign in technical analysis. It has slumped belows the Major S/R Pivot Point of the Murrey Math Lines tool. It is now hovering at…