Zcash charts point toward $100 as indicators flash warning

In a report from Beincrypto, Zcash price is under heavy pressure after losing nearly 35% since late January and slipping deeper inside a falling channel, with charts suggesting a possible move toward the $100 zone. The falling channel and an On-Balance Volume (OBV) breakdown indicate sustained selling pressure; OBV support failed on January 29 and ZEC has already fallen nearly 36% since that breakdown.

Over the past week, whale holdings declined by around 36% while exchange balances surged nearly 160%, pointing to distribution and increased selling supply. Derivatives participation has also weakened: open interest fell from about $1.13 billion in December to around $395 million, a decline of nearly 65%, while funding rates remain slightly positive.

The combination of reduced leverage and remaining exposed long positions raises liquidation risk and can amplify downside in low-liquidity conditions.