How much longer will ZEC drop? Will the peak moment never return?
Recently, this drop method of $ZEC is really... this wave can't hold, the next step is probably a bloodbath.
ZEC has dropped from the recent high of nearly 700 dollars all the way down, with no rebound at all. It has now broken the 350 dense trading zone, which is dangerous~
At the same time, the upward trend line has been completely broken, and the entire structure has clearly weakened. If the larger environment does not cooperate, an even bigger drop is still ahead.
Where is the next observation point?
The next price is likely to slide to 290 to 310, which is the 61.8% retracement level; if it can't hold this... I dare not think about it.
Some big players have also flipped:
On-chain explosion, a large holder went long with over 20,000 ZEC at around 575 with 10x leverage, now facing a floating loss of over 4.4 million dollars!
To avoid forced liquidation, he added 1.5 million USDT as margin. The liquidation point is approximately at 142.
Why is it said that it is dangerous now?
The current ZEC has formed a series of lower highs, with bears in control.
The current chart structure is similar to BNB's crash pattern after the parabolic rise in 2021, and it may face a deeper correction of 60%!
In addition, the EU's AMLR is expected to take effect in 2027, which may directly restrict the trading of privacy coins like ZEC.
But there are also big players cheering for it: if it drops to 300, they will add to their positions and are bullish long-term to 10,000 dollars!
So now if you ask me what to do?
I advocate patiently waiting for clear signals, whether it is breaking down to confirm a downtrend, or a strong rebound on high volume... Do you think ZEC is being reborn in this wave of washing, or is the trend already over?
