#ZcashFallsBelow$1000ForFirstTimeSinceSeptember
Zcash (ZEC) has suffered a brutal sell-off, dropping below the psychological $1,000 level for the first time since September.
📉 What Triggered the Crash?
ZEC plunged approximately 14–15% in 24 hours.
Price touched a low of around $962.85.
Hot US CPI data increased fears of tighter Federal Reserve policy.
Approximately $40.96 million in ZEC positions were liquidated, mostly leveraged long positions.
Grayscale's $1 million ecosystem funding pledge failed to stop the sell-off.
ETF outflows added further pressure.
🔥 Key Price Levels to Watch
Support: $963
Next psychological level: $950
Resistance: $1,000
Stronger resistance: $1,050–$1,060
🐻 Bearish or Bullish Reversal?
A recovery above $1,000 could signal that buyers are returning. However, another breakdown below $963 could increase selling pressure.
💬 The Big Question:
Can Zcash reclaim $1,000, or are we about to see another major correction?
Share your prediction below! 👇
ZEC FALLS BELOW $1,000!
15% CRASH IN 24 HOURS
IS $950 NEXT?