Zcash Faces Supply Integrity Crisis Following Orchard Vulnerability
- Vulnerability Disclosure: On May 29, 2026, researcher Taylor Hornby discovered a 'soundness' vulnerability in Zcash's Orchard zero-knowledge circuit, raising questions about the integrity of ZEC's supply, leading to a swift market reaction with a reported 30-40% price drop in early June.
- Emergency Response Measures: The Zcash community executed a two-step response, first disabling Orchard through a soft fork on June 2, 2026, followed by re-enabling it via the NU6.2 hard fork on June 3, ensuring system security and functionality restoration.
- Market Impact: Prior to the vulnerability disclosure, approximately 5 million ZEC (30% of circulating supply) was held in shielded pools, with Orchard alone accounting for about 4.2 million ZEC (25.4%), making supply verification a core issue for ZEC and impacting investor confidence significantly.
- Future Development Directions: Zcash is exploring various mitigation strategies, including formal verification of the Orchard circuit and the introduction of a new shielded pool design with a 'turnstile' for public supply checks, aiming to rebuild market trust without sacrificing privacy.
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Technical Analysis for REQ
Technical Sentiment Analysis for Request (REQ). As of , Request (REQ) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 4 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for REQ stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, REQ is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Request (REQ) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0264 | 0.0395 | 0.0478 | 0.0609 | 0.0692 | 0.0823 | 0.0906 |
| Fibonacci | 0.0395 | 0.0477 | 0.0527 | 0.0609 | 0.0691 | 0.0741 | 0.0823 |
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