Zcash Whales Feast on Dip – 60% Moonride If You Believe in Magic

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It was a dark and slightly overcast period for Zcash-a time when hope was in short supply and investors questioned their life choices. In the span of two short weeks, ZEC managed to lose 42% of its value, which, in crypto terms, is about as surprising as discovering your toaster doesn’t understand existential philosophy. But just when all seemed lost, something curious happened: whales showed up. Not the singing kind. The kind with cold hearts, colder wallets, and an uncanny ability to buy precisely when everyone else is screaming and selling.

Whales Said “Hold My Liquidity”

According to Nansen-yes, the people who track wallets like they’re watching soap operas-the top 100 ZEC addresses collectively scooped up 42,623 tokens. That’s an 8.85% increase in holdings. Other whale groups weren’t about to miss the clearance sale either, pumping their bags up by 5.06%. Because nothing says “value investing” like buying a token after it’s been punched in the face by the market.

This behavior strongly indicates the age-old strategy known as “buying the dip,” a technique popular among crypto whales and people who pretend they knew Bitcoin would hit $60K all along.

Unsurprisingly, trading volume shot up 43% to $495.35 million. In other words, when whales chew, retail hears the crunch and rushes to the snack bar.

And speaking of gamblers disguised as traders, the derivatives market had opinions. Loud ones. CoinGlass reported long positions clustering around $325.1-where dreams are modest-while shorts planted their flags at $365.1, the price equivalent of saying, “I believe in upward mobility, but only slightly.”

Currently, there’s $7.37 million worth of leveraged longs playing hopscotch over $5.45 million in shorts. That’s like bringing a jetpack to a bicycle race-bold, likely ill-advised, but undeniably bullish.

ZEC Pokes the Bear, Tests Ancient Support

The spot price, meanwhile, decided to stop its dramatic sobbing and stand up. ZEC was trading at $351 (up 7%, which, in crypto, counts as a triumph worthy of a ticker-tape parade). More importantly, it had just retested the $320 support level-the same level it’s been defending since October 2025, like a knight protecting a slightly cracked drawbridge.

This marked the fourth time ZEC has revisited this sacred zone. Historically, each visit was followed by a rally of over 60% within a month. Of course, history in crypto is less of a predictor and more like a drunk friend who keeps saying, “I’ve seen this movie before,” just before getting punched by the plot twist.

Technically Speaking, the Robots Are Confused

The Money Flow Index (MFI), that ever-optimistic digital parrot, hopped from the oversold zone to 37.76-up, but still shy of the “I’m definitely not hallucinating” threshold of 50. It suggests, technically, that some volume-driven buying pressure exists. Or at least that someone’s volume knob is turned up.

Yet, the price remains stubbornly below the 50-day EMA-like a teenager refusing to come in for dinner. The indicator whispers, “You’re still in a downtrend, sweetie.” But wait! During the last great ZEC uprising, the price also ignored the 50 EMA like a cat ignores its owner’s pleas for affection. So maybe it’s fine? Probably fine.

And then, as if summoned by a meme, Whale.Guru-yes, a real crypto account with the confidence of a prophet and the analytics of a horoscope-declared on X (formerly Twitter, never call it that) that ZEC might, possibly, maybe surge toward $2,000.

That’s about an 850% increase from current levels. For context, that’s like expecting your potted plant to grow into a fully sentient, ukulele-playing redwood overnight. But hey, rising confidence! Trend reversal vibes! Also known as “not financial advice.”

Of course, none of this is guaranteed. It all depends on things like market sentiment, macroeconomics, regulatory developments, alien intervention-standard Tuesday stuff.

Final Thoughts

  • The top 100 ZEC wallets are flexing, up 5.06%-or possibly just rearranging deck chairs on the Titanic. Wait, is ZEC the boat or the iceberg?
  • ZEC eyeing another 60% leg up if it holds $320. Best-case scenario: moon mission. Worst-case: spontaneous combustion.

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2026-01-27 07:03