ZEC: New Wallet Pulls 7,166 Tokens From Coinbase

ZEC faced fresh exchange outflow pressure after a newly created wallet t1Sj6J withdrew 7,166 ZEC ($9.67M) from Coinbase over the past 12 hours.

The move echoes similar large ZEC transfers seen in the last six months that preceded short-term volatility spikes. ZEC price prediction models now watch whether this accumulation signals renewed institutional interest or distribution ahead of macro events.

Price action on the 4h chart shows ZEC at $1344.89 testing upper Bollinger resistance at $1355.53 while the RSI(14) sits neutral at 49.8. The MACD golden cross supports bullish momentum even as the EMA50 at $1377.43 caps upside and the EMA200 at $1260.91 anchors the longer-term floor; a pullback toward that 50-EMA support appears likely before any sustained breakout.