ZEC: Wallet Withdraws $12.67M From Binance

ZEC saw a fresh wallet drain 37,316 ZEC valued at $12.67M straight from Binance on June 5.

Price action remains locked in a bearish structure with the 50-EMA at $541.03 and 200-EMA at $520.64 acting as firm overhead resistance. Momentum shows RSI(14) at 21.32, deep in oversold territory, while MACD prints a clear death cross at -48.14. The pair currently tests the lower Bollinger Band near $353.61, hinting at short-term volatility exhaustion that could force a bounce before any sustained recovery.

Traders tracking ZEC price prediction models now weigh whether this large outflow signals accumulation ahead of a relief rally or simply distribution into the ongoing downtrend.