$ZEC : THE VOLUME IS PICKING UP
There’s a Zcash data point that deserves attention right now: trading volume continues to grow even during the price correction.
On Binance:
27/09 — 185.57k ZEC
28/09 — 209.33k ZEC
29/09 — 235.79k ZEC
This represents:
+12.8% from 27/09 to 28/09
+12.6% from 28/09 to 29/09
+27.1% over the two-day period
In other words: the market isn’t simply losing interest in ZEC.
Volume rising during a dip shows a strong battle between buyers and sellers and may be consistent with supply absorption. It’s not yet isolated proof of accumulation, but it is exactly the kind of volume behavior worth keeping a close eye on.
Another point: ZEC’s overall volume stayed above $1 billion on September 27 and 28, according to CoinGecko. In the spot market, CoinGlass shows roughly $880 million over the last 24 hours.
The question now is simple:
Who is absorbing all that volume?
ZEC remains one of the coins that deserves the most attention in this move.
#ZECUSDT #BinanceSquare #Altcoins
There’s a Zcash data point that deserves attention right now: trading volume continues to grow even during the price correction.
On Binance:
27/09 — 185.57k ZEC
28/09 — 209.33k ZEC
29/09 — 235.79k ZEC
This represents:
+12.8% from 27/09 to 28/09
+12.6% from 28/09 to 29/09
+27.1% over the two-day period
In other words: the market isn’t simply losing interest in ZEC.
Volume rising during a dip shows a strong battle between buyers and sellers and may be consistent with supply absorption. It’s not yet isolated proof of accumulation, but it is exactly the kind of volume behavior worth keeping a close eye on.
Another point: ZEC’s overall volume stayed above $1 billion on September 27 and 28, according to CoinGecko. In the spot market, CoinGlass shows roughly $880 million over the last 24 hours.
The question now is simple:
Who is absorbing all that volume?
ZEC remains one of the coins that deserves the most attention in this move.
#ZECUSDT #BinanceSquare #Altcoins
