The chart shows a clean trend continuation structure while holding firmly above moving average support. With shorts slightly heavy at 56%, a push higher could trigger further upside.
A clear break above 1.740 should set up a move toward 1.770.
Price is holding above both key moving averages with volume significantly higher than normal. Open interest is climbing steadily alongside the recent green candles.
If we get a clean push through 0.0484, the path opens up toward 0.0505.
$ZEC update: only 12% of whale positions are long now, the lowest in this run. A week ago it was 40%.
Positioning now: - Short whales hold $188.7M against $26.3M long, more than 7 to 1 - Short whales up from 374 to 470 in a day - The crowd is 50% long, while whales sit at 12%
Short whales’ avg entry is $1,219, and they go into loss above it. The nearest liquidation clusters are $3.6M at ~$1,285 above and $4.0M at ~$1,101 below.