🚨$ZAMA just pulled a massive 117% rally in 7 days… but is the move still healthy❓
ZAMA is up another 17% in the last 24H, and the interesting part is that money is actually moving off exchanges.
Around $31.66M worth of ZAMA was withdrawn, while Spot Netflow dropped to about -$2.45M. That usually means less supply sitting on exchanges ready to be sold, which can support the upside.
But here’s where it gets interesting 👀
Open Interest has climbed above $52M as price pushed higher. So traders are clearly adding positions, not just watching the move from the sidelines.
The problem? Leverage creates liquidity.
There are liquidation clusters sitting below price, with roughly $247K around $0.073 and another $216K near $0.071. If ZAMA gets a sharp pullback, these zones could become a magnet before buyers step back in.
Funding is around 0.0044%, so leverage doesn’t look extremely overheated yet.
For me, the key is simple: if spot accumulation continues and ZAMA holds its higher levels, another leg higher is possible. But a liquidity sweep below those zones could happen first.
117% already… now the question is whether buyers can keep absorbing the pressure. 👀🔥
Not financial advice.
#zama #rally #BullishMomentum
ZAMA is up another 17% in the last 24H, and the interesting part is that money is actually moving off exchanges.
Around $31.66M worth of ZAMA was withdrawn, while Spot Netflow dropped to about -$2.45M. That usually means less supply sitting on exchanges ready to be sold, which can support the upside.
But here’s where it gets interesting 👀
Open Interest has climbed above $52M as price pushed higher. So traders are clearly adding positions, not just watching the move from the sidelines.
The problem? Leverage creates liquidity.
There are liquidation clusters sitting below price, with roughly $247K around $0.073 and another $216K near $0.071. If ZAMA gets a sharp pullback, these zones could become a magnet before buyers step back in.
Funding is around 0.0044%, so leverage doesn’t look extremely overheated yet.
For me, the key is simple: if spot accumulation continues and ZAMA holds its higher levels, another leg higher is possible. But a liquidity sweep below those zones could happen first.
117% already… now the question is whether buyers can keep absorbing the pressure. 👀🔥
Not financial advice.
#zama #rally #BullishMomentum