Zcash (ZEC) Faces Bearish Trend Amid Accumulation by Large Holders
Zcash (ZEC) remains under pressure as the broader market shows weak momentum, with prices trending lower in recent sessions. Despite the bearish price action, on-chain data suggests that large holders are steadily accumulating $ZEC , signaling growing interest at current levels.
Market participants are closely watching whether this accumulation by whales can help stabilize prices and potentially support a short-term rebound. However, sustained recovery may depend on improved overall market sentiment and increased trading volume.
ZEC
370.64
+13.53%
As of now, ZEC continues to trade cautiously, with downside risks still present despite signs of strategic accumulation by major holders.