ZEC: Whale Closes Long at $1.2M Loss

ZEC whale closed its long at a $1.2M loss before rotating into a 263,356 HYPE long worth $16.6M at 10x leverage.

Price sits at $568.68 below the EMA50 at $608.91 while the EMA200 at $514.85 caps downside. MACD death cross at -14.63 confirms bearish momentum and RSI at 34.74 leaves room before oversold territory. With price inside the Bollinger band and upper resistance at $704.29, any bounce toward that level would likely meet selling before a deeper test of the $551.04 lower band.