Crypto
Zcash Price Consolidates Around $1,400 Amid Whale Accumulation and ETF Outflows
The Zcash (ZEC) price has consolidated around $1,400 after a sharp September rally. Whale accumulation supports the market while weakening ETF flows and bearish momentum indicators introduce uncertainty.
Large wallet withdrawals suggest continued interest from holders, but technical indicators and recent ETF redemptions point to a market digesting its rapid advance.
The Relative Strength Index (RSI) has shown bearish divergence across multiple timeframes, according to an analysis. This occurs when price attempts to hold or extend gains while momentum indicators fail to confirm the move.