Crypto
ZEC Whale Withdraws $3.93M in Tokens Amid Bullish Trend
A significant withdrawal of ZEC tokens has taken place from Coinbase Prime.
The whale, or large holder, withdrew 6.92K tokens worth approximately $3.93M to address t1gz1Ps7a3zjLiFKC13qbMofeXeJidJfFBf.
This move comes as ZEC price sits at $580.29 within a bullish trend, supported by EMA50 at $516.85 and EMA200 at $502.88.
However, the Relative Strength Index (RSI) is at 80.25, indicating overbought conditions, while the price tests upper Bollinger resistance at $585.39, hinting at a possible retracement toward the 50-EMA before any further advance.