Zcash: Heavy Selling in 1-Minute — Short-Term Weakness Likely
I see clear aggressive selling in ZEC/USDT: a 1‑minute snapshot shows 89.69K USDT with 91% on the sell side and the price slipping from 39.18 to 38.89.
Shorter timeframes and 24h metrics confirm mild downside pressure (24h -1.29%) with net volume declining across 15m, 1h and 4h — this looks like distribution rather than accumulation.
Given the flow and multiple alerts, I would avoid initiating new long positions and prefer reducing exposure until buying interest returns.
Analysis
The 1m aggressive sell imbalance (91% sell) combined with negative 24h/4h/1h moves and falling net volume suggests distribution and short-term downside risk rather than a healthy pullback.
Recommendation
Sell or avoid new longs until volume balance improves and short‑term buying support appears; consider re-evaluating on a recovery in net inflows or fewer sell alerts.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.