$ZAMA just experienced a heavy whale sell-off — and the chart is showing the damage.
Something changed very quickly in ZAMA. After holding around the $0.067–$0.069 range for hours, the price suddenly collapsed toward $0.06136.
The bigger concern isn't just the red candles. It's the size of the selling activity behind them.
According to the whale activity data:
→ 4.31M ZAMA sold in a short period.
→ $274.89K in reported order size.
→ Selling activity lasted just 10 minutes.
→ Price dropped 8.39% to $0.0613.
→ Trading volume surged alongside the breakdown.
But there's another detail worth watching: RSI has fallen to 6.99.
That's an extremely oversold reading. It shows how aggressively price has moved down, but it also increases the possibility of a sudden relief bounce.
Key levels to watch:
→ $0.0630: First recovery level.
→ $0.0650: Important resistance.
→ $0.0670: Previous support, now a potential selling zone.
→ $0.0610: Immediate downside support.
→ $0.0600: Psychological level if selling continues.
My take: The short-term structure is strongly bearish, and whale selling has added pressure. However, shorting after such an aggressive drop carries its own risk. A weak recovery toward $0.0630–$0.0650 followed by rejection would provide a more convincing bearish confirmation.
The important question now is whether buyers can absorb the whale supply or whether more downside is waiting.
Something changed very quickly in ZAMA. After holding around the $0.067–$0.069 range for hours, the price suddenly collapsed toward $0.06136.
The bigger concern isn't just the red candles. It's the size of the selling activity behind them.
According to the whale activity data:
→ 4.31M ZAMA sold in a short period.
→ $274.89K in reported order size.
→ Selling activity lasted just 10 minutes.
→ Price dropped 8.39% to $0.0613.
→ Trading volume surged alongside the breakdown.
But there's another detail worth watching: RSI has fallen to 6.99.
That's an extremely oversold reading. It shows how aggressively price has moved down, but it also increases the possibility of a sudden relief bounce.
Key levels to watch:
→ $0.0630: First recovery level.
→ $0.0650: Important resistance.
→ $0.0670: Previous support, now a potential selling zone.
→ $0.0610: Immediate downside support.
→ $0.0600: Psychological level if selling continues.
My take: The short-term structure is strongly bearish, and whale selling has added pressure. However, shorting after such an aggressive drop carries its own risk. A weak recovery toward $0.0630–$0.0650 followed by rejection would provide a more convincing bearish confirmation.
The important question now is whether buyers can absorb the whale supply or whether more downside is waiting.
