Zcash Price Will Crash By November End, Says Mega Whale James Wynn
The post Zcash Price Will Crash By November End, Says Mega Whale James Wynn appeared com. Zcash price continues to demonstrate bullish resilience despite clear evidence that its parabolic phase might be over. However, a faction of investors remained confident that it could still extend its rally, while others anticipate a bigger correction. Among the investors expecting a bearish Zcash outcome was James Wynn, a famous Hyperliquid whale. He predicted in a recent post that the privacy coin will fall to the $300 price range before the end of November. James Wynn also revealed that he executed a Zcash short position at the $684 price point. This suggests that his short position was already in profit since the cryptocurrency pulled back substantially since then. Nevertheless, his prediction raises questions, considering that the cryptocurrency has been showing signs of bullish weakness. Zcash (ZEC) Price Attempts Some Recovery After a Weekend Retracement The bearish expectations from James Wynn reflect recent observations on Zcash (ZEC) price action. The cryptocurrency previously made headlines after an impressive parabolic move in October. However, its performance this month signaled that the bulls were losing their momentum. The cryptocurrency also experienced significant pullbacks recently, signaling that early buyers were securing profits. The ZEC price just concluded its most recent bearish week during which it retreated by roughly 18%. Interestingly, this upside occurred during the same trading session that James Wynn predicted that the ZEC would extend its bearish performance. The privacy coin bounced back on Sunday morning after interacting with the RSI mid-point. This recovery potentially confirms.