$ZEC In the last 15 minutes, buy orders were 1.86 times the size of sell orders; the price moved only 0.39%—the hands picking up the orders have been raised all along!
In the past hour, active buy/sell orders were 1.065, with buyers holding the upper hand. The price rose from 1391.47 (one hour ago) to 1399.58; the position size increased by 0.46% over the past hour to 623 million. In 24h it’s down 8.57%, with a low of 1357.01. But in the past hour, trading value was only 0.37 times the 24h average—volume shrank as it pulled back. A Grayscale research report says Zcash’s market share still has room to expand; Coinbase has included ZEC as collateral, aligned with the direction suggested by the order book.
During this low-volume pullback, buy orders are still getting filled and positions have been added slightly. This feels more like a rest stop than a turn. Only when price reclaims the level above 1391.47 from one hour ago can it be considered as having been held. If it breaks below the 24h low of 1357.01, then it’s a cut.
#ZEC order book
In the past hour, active buy/sell orders were 1.065, with buyers holding the upper hand. The price rose from 1391.47 (one hour ago) to 1399.58; the position size increased by 0.46% over the past hour to 623 million. In 24h it’s down 8.57%, with a low of 1357.01. But in the past hour, trading value was only 0.37 times the 24h average—volume shrank as it pulled back. A Grayscale research report says Zcash’s market share still has room to expand; Coinbase has included ZEC as collateral, aligned with the direction suggested by the order book.
During this low-volume pullback, buy orders are still getting filled and positions have been added slightly. This feels more like a rest stop than a turn. Only when price reclaims the level above 1391.47 from one hour ago can it be considered as having been held. If it breaks below the 24h low of 1357.01, then it’s a cut.
#ZEC order book
