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Zcash (ZEC) has fallen about 21% from a recent high, but technical indicators suggest the uptrend remains intact, Decrypt reported. The outlet said ZEC is undergoing a correction after surging about 253% from around $480 to $1,698, while Grayscale’s spot ZEC ETF saw $30.25 million in net outflows on Sept. 30 and 2,746 ZEC, worth about $3.9 million and believed to be linked to hacked funds, was also found to have moved into Zcash’s Shielded Pool, its private transaction feature. Decrypt added that the daily relative strength index stood at 50.2, indicating a neutral reading, and the 50-day exponential moving average remained above the 200-day line, signaling the uptrend is still in place. It said closing below $1,233 on the daily chart could increase downside pressure, while a recovery above $1,410.72 could restore bullish momentum. According to CoinMarketCap, ZEC was recently trading at $1,326.41, down 6.35%.