Zcash Price Rally To Continue Without Dips? Here’s Why
The post Zcash Price Rally To Continue Without Dips? Here’s Why appeared on BitcoinEthereumNews.com.
Zcash (ZEC) continues to lead the market recovery, posting one of the strongest runs of this cycle. The Zcash price has gained more than 230% month-on-month. The token is up nearly 1,200% in the last three months, breaking decisively out of its flag pattern on October 24. Despite brief pauses, there’s still no sign of exhaustion — the uptrend looks alive, backed by volume and strong inflows. Sponsored Retail Selling Slows as Large Wallet Inflows Dominate The Chaikin Money Flow (CMF), which tracks whether money from large wallets is entering or leaving an asset, confirms that the Zcash price rally is far from over. The indicator broke out of its downtrend line on November 3, marking renewed buying momentum from large investors and whales. CMF currently stands at +0.21, indicating strong inflows above the zero line, a pattern often observed in continuation phases of rallies. Money Flow Breaking The Trendline: TradingView Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. Supporting this, spot netflow data shows a massive drop in exchange selling. On November 4, nearly $41.79 million worth of ZEC was sold, compared to just $3.66 million on November 6. Sponsored The steep decline (over 91%) in exchange inflows indicates that retail-driven selling pressure has subsided. This might have allowed larger buyers to drive prices higher without resistance. Zcash Experiences A Reduction In Inflows: Coinglass The On-Balance Volume (OBV), which adds volume on up days and subtracts it on down days to gauge accumulation, adds weight to this picture. OBV has maintained an upward trendline since early October. It has taken support around October 30, and has never broken below it since, even during minor Zcash dips. Sponsored Volume Backs The Zcash Rally: TradingView The rising OBV, alongside rising prices, confirms that this rally…
