Zcash has entered a region where taking some profits starts to make sense.
Price is now above several important on-chain levels and has also moved significantly higher within the Fibonacci-Adjusted Market Mean Price, entering a more stretched zone.
Market stress has also reached the second-highest level of the model, which is usually an interesting area to start reducing exposure.
The NUPL remains positive as well, showing that the network is holding a significant amount of unrealized profit.
And there is one more important detail. Addresses holding 100K to 1M $ZEC have started to decline slightly, which is a typical sign of profit-taking by whales.
For those who accumulated much lower, this is already a region worth paying attention to.
Our 50% OFF promotion on all Alphractal plans ends this week.
If you haven’t tried the platform yet, take advantage of the free trial, explore our metrics, Alpha AI and tools, and see what Alphractal can do for you.
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https://app.alphractal.com/plans?utm_source=coinmarketcap&utm_medium=update
Price is now above several important on-chain levels and has also moved significantly higher within the Fibonacci-Adjusted Market Mean Price, entering a more stretched zone.
Market stress has also reached the second-highest level of the model, which is usually an interesting area to start reducing exposure.
The NUPL remains positive as well, showing that the network is holding a significant amount of unrealized profit.
And there is one more important detail. Addresses holding 100K to 1M $ZEC have started to decline slightly, which is a typical sign of profit-taking by whales.
For those who accumulated much lower, this is already a region worth paying attention to.
Our 50% OFF promotion on all Alphractal plans ends this week.
If you haven’t tried the platform yet, take advantage of the free trial, explore our metrics, Alpha AI and tools, and see what Alphractal can do for you.
50% OFF for a limited time. Don’t miss it.
https://app.alphractal.com/plans?utm_source=coinmarketcap&utm_medium=update
