🔥 Zcash (ZEC) Drops 16%, Triggering $28M in Liquidations
Zcash has taken a sharp 16% hit after its explosive rally above $1,200. Over $28.37 million in positions were liquidated, with long traders losing the most.
Despite the crash, ZEC remains above key moving averages. The $1,050–$1,100 zone is now crucial support. If it breaks, ZEC could fall toward $910.
📉 Is this just a healthy market reset, or the beginning of a deeper correction?
$ZEC
Zcash has taken a sharp 16% hit after its explosive rally above $1,200. Over $28.37 million in positions were liquidated, with long traders losing the most.
Despite the crash, ZEC remains above key moving averages. The $1,050–$1,100 zone is now crucial support. If it breaks, ZEC could fall toward $910.
📉 Is this just a healthy market reset, or the beginning of a deeper correction?
$ZEC