Whale t1JJnA: Buys $3.8M ZEC Spot, Opens $10M 2x Long
Lookonchain reports whale t1JJnA purchased 3,052 ZEC worth $3.8 million in spot markets while initiating a 2x leveraged long position on 8,000 ZEC valued at $10.16 million.
SourceAnalysis
Lookonchain flagged whale t1JJnA acquiring 3,052 $ZEC for $3.8 million on spot and simultaneously opening a 2x long on 8,000 $ZEC worth $10.16 million.
ZEC trades at $1273.44 inside its Bollinger band with upper resistance at $1294.43. The 50-EMA at $1251.13 continues to act as immediate support while the 200-EMA at $1278.97 caps upside. RSI at 53.57 sits neutral even as MACD prints a death cross at -4.35, signaling fading momentum after the recent push.
Price testing upper Bollinger resistance at $1294.43 while RSI remains mid-range suggests a healthy retracement toward the 50-EMA support at $1251.13 before any sustained continuation higher.
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