Zcash (ZEC) faces a critical support test as the price dropped below $1,500, with attention now on the $1,400 level. A whale purchased a net total of 22,960 ZEC worth approximately $31.7 million, then acquired an additional 4,200 ZEC worth approximately $5.84 million, suggesting an exposure strategy rather than an exit. At the time of writing, ZEC was down more than 18% from its recent high. The competition between fresh buys and supply realization could result in greater volatility as traders assess whether whale accumulation can offset the downward pressure.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
