Will Zcash Price Pullback or Continue Its Rally Towards $600?
Zcash worth is up about 15% over the weekend, pushing towards its subsequent key resistance. The transfer has sparked dialogue about whether or not the subsequent leg increased is already forming or if a short-term cooldown would possibly happen first.
Two momentum alerts and up to date whale positioning trace {that a} pullback might come earlier than any breakout try.
Momentum Signals Hint at Cooling Before a Breakout
On the 12-hour chart, ZEC made a lower high between November 16 and November 27, whereas the RSI (Relative Strength Index) pushed barely increased. The RSI measures momentum, and this mismatch is a hidden bearish divergence. It typically seems earlier than short-term pullbacks.
It tells you patrons pushed momentum up, however sellers stored worth capped, so demand isn’t sturdy sufficient but to verify the transfer.
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A second sign comes from the Money Flow Index (MFI), which exhibits retail dip-buying power. Between December 12 and December 28, the ZEC worth elevated, whereas the MFI trended downward.
This tells us patrons chased worth, 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 path.
On-Chain Positioning Shows Whales Reducing Exposure
Zcash has notable holder exercise on the Solana chain. That is the place whale balances dropped by 7.46% over the previous 24 hours.
At at present’s worth, close to $518, that discount alerts that some bigger holders could also be locking in earnings or ready for decrease entry factors. The prime 100 addresses (mega whales) nonetheless elevated their holdings by 4.59%, indicating that long-term sentiment has not modified.
This combine exhibits 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.
$527 Remains the Key Trigger for the Next Zcash Rally
Zcash trades close to $518. The subsequent set off sits simply above at $527. A 12-hour shut above that might verify power and will open room towards $633, which is roughly a 22% transfer from present costs. If patrons defend momentum previous $633, $737 turns into the subsequent high-confidence goal.
The pullback map is simply as clear. First assist sits close to $435. Losing $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 straightforward line is that this: $527 protects the bullish setup. $435 protects patrons from a deeper retrace.
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