$ZEC Analysis — The privacy coin sees a sharp correction after an overheated rally
Zcash (ZEC) remained one of the biggest losers this week, dropping 19% from its 427 USD weekly open, making it the second-worst performer on the market. The weekly chart shows clear bearish dominance, with ZEC now in a phase of searching for a new bottom.
After three consecutive red weekly candles, each down more than 15%, ZEC is facing heavy profit-taking pressure following its explosive 1,120% rally from September 29 to October 10 — one of the strongest reversals of the year.
At this stage, long-term holders appear to be gradually locking in profits as FUD spreads across the market, threatening the gains accumulated earlier. Still, with real-world demand for privacy-focused coins continuing to expand, the recent correction looks more like a natural cooldown rather than a full capitulation event.
