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.
#Zcash $ZEC
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.
#Zcash $ZEC
