ZEC broke below $1,000 today, hitting an intraday low of $961. It’s the first time it’s fallen below four figures since September.
Mi Ge ran the numbers: after peaking above $1,380, it’s fallen for five straight days, down over 20% in total and nearly 30% from its high. Even Grayscale’s announcement on the 10th that it would invest $1 million in the ecosystem couldn’t stop the slide.
The NU7 upgrade news getting priced in, hotter-than-expected CPI, and a cascade of long liquidations all hit at once. The $1,000 psychological support level didn’t stand a chance. The price is now seesawing around $1,000 again. Mi Ge is sitting this one out for now. If I do buy in, I’ll wait for it to reclaim and hold $1,000—or just wait for the $940–$960 range.
Would you dare to buy in at this level, or wait for it to stabilize first?
#Zcash自9月以来首次跌破1000美元
Mi Ge ran the numbers: after peaking above $1,380, it’s fallen for five straight days, down over 20% in total and nearly 30% from its high. Even Grayscale’s announcement on the 10th that it would invest $1 million in the ecosystem couldn’t stop the slide.
The NU7 upgrade news getting priced in, hotter-than-expected CPI, and a cascade of long liquidations all hit at once. The $1,000 psychological support level didn’t stand a chance. The price is now seesawing around $1,000 again. Mi Ge is sitting this one out for now. If I do buy in, I’ll wait for it to reclaim and hold $1,000—or just wait for the $940–$960 range.
Would you dare to buy in at this level, or wait for it to stabilize first?
#Zcash自9月以来首次跌破1000美元