The price of Zcash went down a lot after the market had a crash. Zcash reached prices that we had not seen since the beginning of December. The price of Zcash got down to the three hundreds. Then it just kept getting weaker every day. For five days in a row Zcash had prices, than the day before. This means that people are selling a lot of Zcash and that is why the price is going down.

Zcash also went below some lines that show what is happening with the price in the short term. When the price of Zcash is below these lines it usually means Zcash is getting weaker. At the time of writing the price of Zcash was, in the three hundreds and the price of Zcash had dropped by almost six percent that day. This was a continuation of Zcash going down for a full week.

When the price drops some big investors step in to buy. These big investors are often called whales. Whales tend to buy when people're scared and sell when things are going well. What whales do can help the price sometimes. Not every time.

People are looking at the numbers. They see that whales are not buying as much as they used to. This makes me think we should be careful. But whales are still around they did not just go away. The amount of buying going on has been steady, for a days now which means some big players are still buying whales even though things are not going up. Whales are still being. That is a good thing to know.

Someone just made a move with a new wallet. They took out thousands of Zcash from a place where people trade. This was a purchase, worth over three million dollars. Now this wallet has than twelve thousand Zcash. When big players like this buy and hold Zcash even when the price is going down it usually means they think Zcash will be worth more in the run. They are showing confidence, in the term value of Zcash.

When we look at the money moving out we see the same thing happening with Zcash. For, than a week now Zcash has had a steady stream of money leaving the trading platforms. This means people are taking their Zcash coins out of these platforms and putting them into their private wallets. At the time hundreds of millions of dollars have been flowing into Zcash.

This thing that is happening usually means we have less of something. When we have less of something the price of that thing can become more steady. Even go back up. In markets that are doing well this situation often results in the price of the thing going up a lot.. We have to think about the situation we are, in because that is important. The behavior of the market and the supply of the thing are what we need to consider and the available supply of the thing is what matters in this case and the price of the thing can be affected by the supply of the thing.

The selling pressure is still really strong, with whales buying. Small traders and people who do not hold for long are still selling. For now this selling is too much for the whales to handle so the whales are not able to buy enough to stop the price from going.

Momentum indicators are showing that things are not going well. One thing people use to see what is happening with momentum has been really low for a while. This means the bears are still in charge. When the momentum is this low it means the buyers are not strong enough yet to change what is happening. The buyers are just not strong enough to turn things around. The momentum indicators are still showing weakness and the bears are still, in control of the momentum indicators.

Whales are buying,. The rest of the market is still selling. This is a problem because it keeps the price of things from going up. The price is under a lot of pressure. Whales are buying,. Until more people start buying and the selling slows down the price of things could keep going down. Whales are. We need to see more of this to feel better, about the market.

If things keep going the way they're Zcash could drop down to around three hundred. This price is lower, than where Zcash's now and it could be the next place where Zcash stops falling. It would not be strange for Zcash to go down far because the downtrend is very strong. Zcash is. This trend is really strong so Zcash could easily go down to the low three hundreds.

This does not mean that the price of the cryptocurrency cannot recover. If a lot of people, like whales start buying and the people who want to sell decrease then the price might go up. In that case we should look at the price of the cryptocurrency near three hundred dollars because that is where it stopped going up. The whale buying has to keep going. The selling has to stop for the price to bounce back. We need to watch what happens to the price of the cryptocurrency near three hundred dollars.

The trend is still bearish for now. The activity of whales is not enough to change the direction of the market. We need to see demand, from a wider group of buyers the market really needs this to change. The market needs more people to buy a group of buyers to actually change the direction of the market.

Zcash remains in a wait and watch phase. Large holders are positioning quietly while price continues to drift lower. The next move will depend on whether buyers can regain control or sellers push price further down.

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