In accordance with TheMarketPeriodical, Zcash (ZEC) price dropped $480 following a wave of long liquidations, with one whale losing $2.39 million. Onchain Lens and HyperTracker data showed aggressive selling pressure between $447 and $452, pushing the price below key support levels. Analysts warn of further downside risks, with potential targets at $392, $308, and $188. Zcash is now testing the 38.2% retracement level, and multiple closes below this could confirm a deeper structural breakdown. Market depth indicates thin support, suggesting the path of least resistance remains downward until strong buyers return.
Zcash Price Drops $480 as Whales Face $2.3M Liquidations
TheMarketPeriodicalShare
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