ZEC's first line of defense has been breached, and the main funds are being re priced

Yesterday at 15:32, PRO News reminded that if the ZEC $1200~$1194 range's $9.56 million buy order fails to be accepted and closes below $1194 within 45 minutes, the support logic will be invalidated. Afterwards, ZEC fell below this range and the current price fell back to around $1132. The latest data shows that Binance ZEC/USDT perpetual saw a main market price transaction of 14.11 million US dollars, of which active selling reached 10.8 million US dollars, accounting for about 76.5%. The price synchronously retraced to EMA89 after 45 minutes, and the short-term has once again entered the stage of acceptance verification. At present, there are large pending orders exceeding 2.2 million US dollars both above and below ZEC, and there are over 1.7 million US dollars of orders placed further away. The specific price can be viewed through PRO's "Full Volume Depth", with a focus on whether nearby pending orders can take on selling orders, and whether funds have shifted to remote commission areas after the loss of EMA89. The data is for reference only and does not constitute investment advice.