ZEC: Garrett Jin Shorts Rally for $21.5M Profit

Garrett Jin shorted ZEC while the token rallied and now sits on more than $21.5M in unrealized profit, lookonchain data shows.

Price action on the 4h chart places ZEC at $290 inside a bearish structure defined by EMA50 at $549.14 and EMA200 at $522.51. Momentum has collapsed to RSI 17.14, confirming oversold conditions, while MACD at -38.76 prints a clear death cross. With price already probing the lower Bollinger band near $388.78, the confluence points to further downside pressure before any relief bounce toward the 50-EMA resistance zone.