ZEC Whale Unloads $13.65M into Fresh Wallet Amid Limited Momentum

A large ZEC investor, often referred to as a whale in crypto circles, has made a significant move by transferring $13.65M worth of tokens into a new wallet.

The transfer involved moving approximately 12.86K ZEC from Binance, OKX, Kraken, and Gate over the past week.

The current price of ZEC is sitting at $1141.01 within the Bollinger band, with an upper resistance level at $1186.46 and lower support at $1059.19.

An analysis of the technical indicators shows that the EMA50 at $1110.98 is acting as a key level above the EMA200 at $872.89, while the neutral RSI at 52.32 combined with the MACD death cross at -12.01 points to limited momentum in the market.