🚨 ZEC plunges below $1,000: Short whales and chain sell-offs 📉
The bearish pressure has materialized. ZEC has lost the key support level of 976, with a drop of over 15% in 24 hours. Liquidations of long positions and strong selling pressure from whales (such as Abraxas Capital) are dominating the market.
🔻 Vital support: The 950-900 level.
🔺 Possible rebound: To invalidate the bearish scenario, ZEC needs to recover strongly and close above $1,050-$1,100. Only then could the bulls attempt a trend reversal.
💡 Verdict: The market is in "risk-off" mode. The break below $1,000 is a clear sign of weakness. The key will be to see if the volume of $ZEC buys appears in the $950 zone or if, on the contrary, whales continue to exert downward pressure.
#ZECUSDT #Criptomonedas #BinanceSquare #trading $ #Zcash
The bearish pressure has materialized. ZEC has lost the key support level of 976, with a drop of over 15% in 24 hours. Liquidations of long positions and strong selling pressure from whales (such as Abraxas Capital) are dominating the market.
🔻 Vital support: The 950-900 level.
🔺 Possible rebound: To invalidate the bearish scenario, ZEC needs to recover strongly and close above $1,050-$1,100. Only then could the bulls attempt a trend reversal.
💡 Verdict: The market is in "risk-off" mode. The break below $1,000 is a clear sign of weakness. The key will be to see if the volume of $ZEC buys appears in the $950 zone or if, on the contrary, whales continue to exert downward pressure.
#ZECUSDT #Criptomonedas #BinanceSquare #trading $ #Zcash