Alert on Zcash ($ZEC ): Whales on the verge of liquidation after a strong correction!….
The crypto market is once again triggering alarms following the drop in Zcash (ZEC), which is trading around $1,443 after losing support on its key timeframes. Industry analysts have pointed out that ZEC behaves like a “whale coin,” where large investors may have created bullish expectations to lure retail investors.
Currently, four main addresses concentrate about $17.9 million in leveraged long positions, standing less than 5% away from a massive liquidation zone located between $1,374 and $1,380.
With technical charts showing bearish pressure and strong rejections at Fibonacci zones, the big question is: Do you think the price will end up falling sharply to wipe out these million-dollar positions, or will it manage to rebound in time?
#noticias
The crypto market is once again triggering alarms following the drop in Zcash (ZEC), which is trading around $1,443 after losing support on its key timeframes. Industry analysts have pointed out that ZEC behaves like a “whale coin,” where large investors may have created bullish expectations to lure retail investors.
Currently, four main addresses concentrate about $17.9 million in leveraged long positions, standing less than 5% away from a massive liquidation zone located between $1,374 and $1,380.
With technical charts showing bearish pressure and strong rejections at Fibonacci zones, the big question is: Do you think the price will end up falling sharply to wipe out these million-dollar positions, or will it manage to rebound in time?
#noticias
