Zcash value is up about 15% over the weekend, pushing towards its subsequent key resistance. The transfer has sparked dialogue about whether or not the following leg larger is already forming or if a short-term cooldown may happen first.
Two momentum alerts and up to date whale positioning trace {that a} pullback may come earlier than any breakout try.
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Momentum Alerts Trace at Cooling Earlier than a Breakout
On the 12-hour chart, ZEC made a decrease excessive between November 16 and November 27, whereas the RSI (Relative Power Index) pushed barely larger. The RSI measures momentum, and this mismatch is a hidden bearish divergence. It typically seems earlier than short-term pullbacks.
It tells you consumers pushed momentum up, however sellers stored value capped, so demand isn’t robust sufficient but to verify the transfer.
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A second sign comes from the Cash Movement Index (MFI), which reveals retail dip-buying energy. Between December 12 and December 28, the ZEC value elevated, whereas the MFI trended downward.
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This tells us consumers chased value, however demand didn’t sustain. The MFI is rising once more, but it surely must clear 65 to verify momentum is again.
These chart alerts solely matter if on-chain positioning agrees, and the holder information does level in the identical cautious course.
On-Chain Positioning Exhibits Whales Lowering Publicity
Zcash has notable holder exercise on the Solana chain. That’s the place whale balances dropped by 7.46% over the previous 24 hours.
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At immediately’s value, close to $518, that discount alerts that some bigger holders could also be locking in income or ready for decrease entry factors. The highest 100 addresses (mega whales) nonetheless elevated their holdings by 4.59%, indicating that long-term sentiment has not modified.
This combine reveals an affordable pullback setup, not a breakdown for ZEC. Whales trimming whereas bigger vaults accumulate suggests short-term warning with longer-term confidence nonetheless intact.
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$527 Stays the Key Set off for the Subsequent Zcash Rally
Zcash trades close to $518. The following set off sits simply above at $527. A 12-hour shut above that may verify energy and will open room towards $633, which is roughly a 22% transfer from present costs. If consumers defend momentum previous $633, $737 turns into the following high-confidence goal.
The pullback map is simply as clear. First assist sits close to $435. Shedding $435 exposes $370, and failure there can lengthen into deeper volatility if the broader market weakens.
With year-end liquidity nonetheless skinny, each side want affirmation earlier than merchants commit.
For now, the easy line is that this: $527 protects the bullish setup. $435 protects consumers from a deeper retrace.