Zcash (ZEC) Price Risks 30% Drop Amid $41M Long Liquidation Threat
724FinanceKaptan Rıza Deniz
Key Highlights
Zcash (ZEC) fiyatı, bir ayıncı teknik setup ve $41 milyon değerindeki uzun pozisyonların likidasyon tehdidi nedeniyle 30% düşme riski ile karşı karşıy
Zcash (ZEC) price risks erasing its latest recovery as a bearish technical setup and $41 million in potential long liquidations threaten a 30% price drop. The ZEC/USDT daily chart shows price approaching a resistance confluence around $490-$500, where the channel's falling upper trendline meets a horizontal supply zone.
Market Situation
Zcash has rebounded sharply from its early-June crash. However, derivatives positioning shows the rally faces another risk.Technical Analysis
ZEC's relative strength index (RSI) has recovered to around 55, showing improving buying momentum but no decisive bullish breakout. The token is holding above its 50-day EMA (red) near $455.Expert Note
The Zcash price is influenced by a combination of technical and fundamental factors. If it cannot decisively break above the $500-$520 resistance area, the price may face a 30% drop risk. This situation will be a significant test for investors and markets.
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