ZEC Trader Books $5.2M Profit Amid Soaring Whale Activity

ZEC's price surge has been notable in recent times, particularly on Hyperliquid. A trader known as @solanadoomer1 has closed a long position for a significant profit of $5.237 million at $1559.6.

This move highlights the increased trading volume and whale positioning in ZEC perpetual futures on Hyperliquid. Whale Garrett Bullish added margin after selling $87.5 million worth of ETH, resulting in an unrealized loss of $30.75 million on a $55.89 million short position entered at $665.84.

The price of ZEC currently holds a bullish structure above its 50-EMA and 200-EMA while the MACD registers a golden cross at 94.42. However, with the RSI reading overbought at 74.41 and the price testing upper Bollinger resistance, a healthy retracement toward the 50-EMA support appears probable before continuation.

Traders are now watching for volume spikes on any pullback in ZEC's price as they track prediction models.