ZEC Whale Secures $8.29 Million Profit from Month-Long Long Position

A large ZEC investor, known as a whale, has closed a profitable long position on the OKX exchange, securing an $8.29 million profit.

The whale opened this position on August 20 by buying 10,160 ZEC at $630 and held onto it for a month before closing it at $1,458.

The current price of ZEC is $1,488.66, which places it within the Bollinger band with an upper resistance level of $1,552.39.

The Relative Strength Index (RSI) has reached 78.8, indicating overbought conditions, while the MACD golden cross remains intact above the EMA50 support at $1,217.62.