Zcash(ZEC) is currently under pressure, following the overall market trend. From the footprint chart, there is a clear resistance level in the 312-416 range. More notably, before breaking the new low of 386, the cumulative volume difference(CVD) indicator clearly shows signs of aggressive whale accumulation. Overall, ZEC presents a clear bearish pattern. It is worth recalling that the market previously completed a double bottom retest on the daily chart but failed to break through effectively, instead continuing to probe lower under the sustained inflow of whale funds. This process from high-level resistance to whale funds entering at new lows typically indicates an upcoming larger-scale correction. In the short term, ZEC's technical outlook remains weak.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
14 Likes
Reward
14
6
Repost
Share
Comment
0/400
HashBandit
· 14h ago
ngl zec looking pretty cooked rn, that cvd print screams accumulation but like... we've seen this movie before haven't we lol
back in my mining days i'd be analyzing these whale moves obsessively, now i just watch the tps bottleneck while they dump 💀
those resistance levels doing what they do i guess... weak technicals always feel so predictable until they're not tbh
Reply0
DeFiAlchemist
· 12-17 13:26
*adjusts alchemical instruments* so the whales are transmuting their capital into these zec lows... the cvd readings are screaming yet nobody's listening, fr fr. this dual-bottom rejection hits different when you factor in the algorithmic pressure—it's like watching the philosopher's stone crumble before your eyes. 312-416 zone? more like a financial purgatory ngl
Reply0
GraphGuru
· 12-16 13:05
ZEC this rhythm... whales are accumulating at the bottom, and we retail investors have to cut losses again
Wait, the double bottom didn't break through and instead continued downward? How long will this last?
Oh my, is 386 going to break again? Better stay away in the short term
Whales are bloodsucking, and we're bleeding, it's that simple
Sounds like the prelude to a major correction, be careful
ZEC is now just a trap, falling layer by layer
Are the resistance levels just a facade? The technicals say it will collapse at any moment
View OriginalReply0
tokenomics_truther
· 12-16 12:53
ZEC has been absorbed by whales again, this rhythm is just uncomfortable to watch.
Is there no bottom after this drop? Even after breaking 386, do we have to continue?
By the way, how high does the whale want to absorb before stopping?
Without breaking the double bottom, it's already risky, and now it's even worse.
Don't even think about the short term; it looks like it still needs to be tested.
View OriginalReply0
AirdropChaser
· 12-16 12:44
ZEC this wave looks a bit ugly, whales are accumulating at low levels again, small retail investors really can't compete
---
It's whales building positions again, the double bottom can't be broken, feels like it will drop more
---
Why can't the 386 barrier be broken? Looks like we have to wait for the big adjustment to pass
---
Whales are accumulating, indicating big moves ahead, but in the short term, the bears are definitely in control
---
What is ZEC messing around with? Both 312 and 416 are resistance levels, is this the rhythm of breaking the bottom?
View OriginalReply0
WhaleSurfer
· 12-16 12:44
ZEC this wave looks like whales are accumulating, the double bottom hasn't broken, so they keep pushing down, a typical shakeout rhythm.
Wait, are these whales building positions or selling off? I can't figure it out.
If it drops below 386, it might really collapse. Better not touch it in the short term.
Whale funds are all buying at new lows? What should I do, follow or not follow?
386 is about to break again, ZEC this dead coin.
Zcash(ZEC) is currently under pressure, following the overall market trend. From the footprint chart, there is a clear resistance level in the 312-416 range. More notably, before breaking the new low of 386, the cumulative volume difference(CVD) indicator clearly shows signs of aggressive whale accumulation. Overall, ZEC presents a clear bearish pattern. It is worth recalling that the market previously completed a double bottom retest on the daily chart but failed to break through effectively, instead continuing to probe lower under the sustained inflow of whale funds. This process from high-level resistance to whale funds entering at new lows typically indicates an upcoming larger-scale correction. In the short term, ZEC's technical outlook remains weak.