Horizen (ZEN) Falls 36% Despite Whale Accumulation

2025-10-11 16:16

Horizen (ZEN) has experienced a significant 36% price drop in the past 24 hours, even as whale accumulation and buyer dominance remain strong in both spot and futures markets. Despite the decline, ZEN continues to trade above its 30-day and 50-day exponential moving averages (EMAs), indicating potential resilience. On-chain data reveals increased whale activity and consistent accumulation since March, suggesting a bullish outlook. Liquidity clusters above current price levels and a rising cumulative volume delta (CVD) further support this sentiment. Analysts emphasize that the continuation of the uptrend is contingent on sustained whale buying and strength in the spot market.

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