#ZEC still has a chance to break through the 700 level? To be honest, with this momentum, it looks a bit uncertain. Once the overall market adjusts, $ZEC will also find it hard to stand alone. Historical data shows us that during major decline cycles, assets like this are not as resilient as we might think. In the short term, we need to observe whether the market can stabilize; otherwise, the space for ZEC to rebound and rise is really limited.
ZEC activated Network Upgrade 6.1 on Nov 24, introducing a new funding model. On Dec 16, Grayscale highlighted ZEC as a key 2026 hedge asset during privacy regulation discussions. Traders monitor $395 support ahead of the Dec 19 BOJ rate decision.$ZEC
$ZEC Price is consolidating after a recovery from the lows, trading near the 4H moving averages. Structure suggests a range with mild bullish bias as long as price holds above the 400 support. A clean breakout needs stronger volume confirmation.
$ZEC continue, you dare to lower it, I will continue to add positions. Today the market is bullish, except for the altcoin B. Come on. Let's enjoy together.$ZEC
Sharp Correction: FOLKS plunged over 75% from its $49 peak, driven by persistent, structural selling pressure and profit-taking. Bearish Sentiment: Dominant bearish sentiment is confirmed by social media analysis, with technical indicators signaling a strong ongoing downtrend. Speculative Frenzy: Despite the drop, derivatives volume hit $2.35B, indicating high speculation and volatility contributing to price swings. Future Unlock Risk: Only 25.4% of the total supply is circulating, posing a significant long-term risk of selling pressure.
Sharp Correction & Bearish Trend
The price has fallen over 75% from its peak to ~$10.85, indicating a strong bearish trend. Sentiment is negative, with risks compounded by high leverage and future token unlocks.
High Volatility & Social Buzz
Despite the price drop, FOLKS recorded $2.35B in derivatives volume, topping social activity charts. Community opinion is sharply divided between bulls hoping for a bounce and bears anticipating further decline.
Launch Promotions & Trading
Past promotions included a token airdrop via Binance Alpha Points. The FOLKSUSDT Perpetual Contract was launched on Binance, enabling leveraged trading up to 50x.
High-Risk Volatility Plays
Extreme volatility presents high-risk trading chances. Watch the $18-$20 resistance level for any potential short-term bounce.$FOLKS