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Zcash hovers near $400 as whale traders open $8.1M long positions, signaling potential price rebound.

Market News
01 Jul 2026
AMBCrypto
View Source
Neutral
pluang ai news

Zcash (ZEC) has been fluctuating between $360 and $415, currently trading just below $400. Recently, a significant whale trader deposited $10 million into HyperLiquid and opened a $8.1 million 2x long position, showing renewed confidence despite recent price drops. The Long/Short Ratio above 1 indicates growing optimism among traders. However, technical indicators suggest bearish momentum remains strong, with potential support around $336 if $400 fails to hold. A successful whale-driven rally could push ZEC towards $450.

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