A price break below a short-term range does not automatically signal one-way selling; the distribution of aggressive buying and selling behind the increase in trading volume is often more important.
Spot $ZEC moved out of the consolidation range that had held for nearly four hours, dipped to $886.94, and closed at $892.6, below the reference lower bound of $907.09.
During the breakdown, spot trading volume rose to $9.34 million, or 3.3 times the previous baseline, with aggressive buying accounting for 51.4%.
Despite the high-volume break lower, aggressive buyers still held a slight edge, suggesting buying interest remained active at lower levels. This does not mean the downtrend has reversed; whether the price can stabilize still depends on how buyers and sellers trade below $907.09.
Spot $ZEC moved out of the consolidation range that had held for nearly four hours, dipped to $886.94, and closed at $892.6, below the reference lower bound of $907.09.
During the breakdown, spot trading volume rose to $9.34 million, or 3.3 times the previous baseline, with aggressive buying accounting for 51.4%.
Despite the high-volume break lower, aggressive buyers still held a slight edge, suggesting buying interest remained active at lower levels. This does not mean the downtrend has reversed; whether the price can stabilize still depends on how buyers and sellers trade below $907.09.