ZEC: Whale Opens $4.6M Long on HyperliquidX

ZEC saw a whale open a 3.38K long position valued at $4.56M with 10x leverage on HyperliquidX, setting liquidation at $1,275 according to on-chain data from address 0xd1581ae3dc981bfb70cceace6647a1c35df09dab.

Over the past year ZEC price prediction models have centered on privacy-coin adoption cycles that repeatedly lifted the asset from sub-$300 lows toward four-figure resistance, and this leveraged bet aligns with that pattern as Bitcoin and altcoin flows rotate into high-beta names.

Price currently trades at $1,509.65 inside the Bollinger Bands with the upper resistance at $1,556.99; the 50-EMA sits at $1,218.44 and the 200-EMA at $947.54, both acting as concrete support in the bullish structure confirmed by the MACD golden cross at 90.86, yet RSI at 79.89 signals overbought conditions that often precede a healthy retracement toward the 50-EMA before any continuation higher.