⚠️ Zcash ($ZEC ) is facing a risk of dropping 60%?
Despite a slight rebound, the ZEC chart still shows a weak trend. The price is currently running in an ascending bear flag pattern – a type of pattern that often signals further decline if support is broken.
🔍 Why the concern for a deep drop?
$ZEC has fallen ~60% from the most recent peak.
Bear flag pattern → if support breaks, the price target could drop to 141 USD.
CMF < 0 for many weeks → large capital has not returned yet.
OBV is flat → buying pressure is not strong enough to reverse the trend.
Correlation with BTC is negative (-0.18) → BTC pump does not necessarily mean ZEC benefits.
🌱 Is there still a glimmer of hope?
Some experts believe ZEC is accumulating in the 300–400 USD range, and whales are showing signs of buying more. However, no indicators have confirmed a reversal yet.
🎯 Important price levels
Support level → break = risk of dropping to 141 USD.
Resistance at 533 USD → needs to break above to consider escaping the downtrend.
Currently, ZEC still leans towards a bearish scenario unless capital flows return and the price breaks 533 USD.
⚠️ This is not investment advice. If you buy and the price goes the other way then… it’s Zcash, not Zrich! 😁