$ZEC just closed under $1,010.95 — the flush is extending.
Last night's flush chapter left one line in the sand: an hourly close below $1,010.95 means the flush extends. For eleven hours ZEC held it — closes from $1,051.79 down to $1,017.51, and the 02:00 hour wicked to $1,008.14 intraday but closed $1,021.25. Wick, not a break.
Then the 06:00 UTC hour: open $1,017.65, low $975.58, close $982.57 on $15.8M — the biggest ZEC hourly bar of the day. First close under the line. The flush extended.
Live $989, -14.6% on the day, $280.7M of Binance volume. The forming 07:00 hour has already printed $966.06 — under the $994.22 low — but it's unclosed; its 08:00 UTC close (13:30 IST) decides whether sub-$1,000 air is real or just another wick.
The chart is washed out, not broken: RSI 26, under EMA20 $1,054 and EMA50 $1,117. CoinGecko: rank #11, $16.8B, -22.2% on the week, -25.6% on the month, fully circulating — no unlock overhang to blame. Nov 7's high was $1,364 — that's -29% in four days.
No ZEC-specific headline behind this. The wires read the same as last night: derivative liquidations and outflows, hot US CPI, a BTC-led leveraged correction. BTC is -1.3% — ZEC is running about ten times the board.
The other side: RSI 26 is where bounces start, and one hourly close back above $1,010.95 unwrites this chapter. The $1,000 line is psychological, not structural — but a closed hour under it changes the conversation.
Levels: $1,199.82 / $1,093.97 / $1,010.95 / $994.22 / $966.06.
Not a call, either way. The 08:00 UTC close (13:30 IST): does $994.22 hold, or does ZEC close a full hour under $1,000?
Last night's flush chapter left one line in the sand: an hourly close below $1,010.95 means the flush extends. For eleven hours ZEC held it — closes from $1,051.79 down to $1,017.51, and the 02:00 hour wicked to $1,008.14 intraday but closed $1,021.25. Wick, not a break.
Then the 06:00 UTC hour: open $1,017.65, low $975.58, close $982.57 on $15.8M — the biggest ZEC hourly bar of the day. First close under the line. The flush extended.
Live $989, -14.6% on the day, $280.7M of Binance volume. The forming 07:00 hour has already printed $966.06 — under the $994.22 low — but it's unclosed; its 08:00 UTC close (13:30 IST) decides whether sub-$1,000 air is real or just another wick.
The chart is washed out, not broken: RSI 26, under EMA20 $1,054 and EMA50 $1,117. CoinGecko: rank #11, $16.8B, -22.2% on the week, -25.6% on the month, fully circulating — no unlock overhang to blame. Nov 7's high was $1,364 — that's -29% in four days.
No ZEC-specific headline behind this. The wires read the same as last night: derivative liquidations and outflows, hot US CPI, a BTC-led leveraged correction. BTC is -1.3% — ZEC is running about ten times the board.
The other side: RSI 26 is where bounces start, and one hourly close back above $1,010.95 unwrites this chapter. The $1,000 line is psychological, not structural — but a closed hour under it changes the conversation.
Levels: $1,199.82 / $1,093.97 / $1,010.95 / $994.22 / $966.06.
Not a call, either way. The 08:00 UTC close (13:30 IST): does $994.22 hold, or does ZEC close a full hour under $1,000?