$ZEC is showing some interesting action. On the 15m chart, volume surged to 6.45 times its usual level, pushing above the upper bound of the past 20 or so 5m ranges. The buy/sell ratio is 1.50, with a clear bias toward aggressive buying, but OI is actually falling—down 0.89% on 1h contracts. This is a classic short-covering rally, not fresh longs entering. The OI anomaly percentile is 96.4%, and its pool-wide nominal change ranks third; this level is also not far from the historical extremes. Whether to chase is up to you. I’d rather wait for a pullback to confirm whether this is a genuine breakout or just another fakeout.
