#zec
Today's report about #ZECUSDT
Report:
Current Status: ZEC is trading around $332 - $336 (as of Dec 2nd), having crashed over 50% since its November high of $750. It is one of the worst-performing altcoins this week.
Technical Breakdown: The price has broken down severely from its long-term ascending channel and is displaying strong bearish technical signals, including a potential "Death Cross" pattern forming on the 4-hour chart. The 14-day RSI at ~34 is signaling a strong "Sell."
Market Fear: Analysts have noted that the rapid price decline was likely triggered by an over-leveraged rally (a "pump and dump" according to some critics) and is now seeking a true structural floor.
Fundamental Resilience: Despite the crash, long-term bullish factors remain: the 2025 Halving (reducing new supply) and the Grayscale ZEC ETF filing confirm strong institutional interest in Zcash's privacy technology.
#ZECUSDT #Write2Earn #WriteToEarnUpgrade
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