Zcash whale’s exit signals fear – Can ZEC bulls de
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Zcash whale’s exit signals fear – Can ZEC bulls defend $400?
Zcash’s [ZEC] attempted rebound collapsed at $543 four days ago. Since then, the altcoin has traded within a steep downtrend, closing at lower lows.
As a result, ZEC dropped to a low of $440 before slightly bouncing back. As of this writing, Zcash traded at $447, down 2.43% on the daily charts.
With the altcoin showing extended weakness, whales are turning bearish and closing their positions.
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