ZEC/USDT:USDT
ZEC is exhibiting a clear bearish divergence in funding rates against a positive price trend. The funding rate is significantly negative (-0.0149% to -0.0186% in alerts) despite a 5.12% price increase over 24h. This indicates a high concentration of aggressive short sellers who are being forced to pay long positions. Given the low RSI (52.9) compared to other rallying assets, there is significant room for a northward expansion as these short positions are squeezed.
Detailed Analysis
Negative funding (-0.0149%) during a 5% price rally with rising MACD histogram.
Short sellers are trapped and fighting the trend, creating fuel for a squeeze.
Continuation of the upward move as shorts are forced to cover their positions.
Price dropping below $235 or funding turning positive.