Zcash (ZEC) price surged 23% following a breakout from an inverse head and shoulders pattern, reaching its projected target with the highest volume since February. Mega whales increased their holdings by 23%, signaling strong accumulation, while the derivatives market shows heavy short interest with $399 million open interest and negative funding rates, indicating bearish bets. The price now faces resistance at $328, with potential to rise to $362 or higher if a short squeeze occurs. Support levels to watch are $312 and $281, which could trigger a correction if breached. The market is at a critical point where either bullish whale activity or bearish shorts will determine ZEC's next move.
Bitcoin fell back to $64,000 after reaching a monthly peak of $65,500 due to profit-taking and geopolitical tensions from Iranian strikes on U.S. bases. Most altcoins also declined as bearish sentiment dominated the market, with XRP futures showing i...
Bitcoin and Ethereum experienced combined outflows exceeding $59 million as traders moved funds into stablecoins like USDT and fiat currencies, signaling a cautious stance in the crypto market. This rotation reflects a short-term defensive strategy, ...
Bitcoin's price slightly fell to $64,164, reflecting broader market caution as equity indices and financial indicators like the US 10-year yield and DXY suggest tighter conditions. Meanwhile, Ethereum gained 2.09% to $1,908, showing selective investo...
Zcash (ZEC) has gained over 16% in the past week, rallying from lows near $368 to around $552 following an 11% jump in one session. This surge is driven by anticipation of the Ironwood shielded pool upgrade expected around July 28, which addresses a ...
Veteran trader Peter Brandt has identified a potential "inverted head and shoulders" bottom pattern in Bitcoin's price, suggesting a possible shift in momentum. However, he cautions that the pattern is unconventional and not yet confirmed. Meanwhile,...
