#ZcashFallsBelow$1000ForFirstTimeSinceSeptember
🚨 ZEC breaks $1,000 for the first time since Sept: what the data says
ZEC hit a low of ~$961 on Nov 11, down ~15% in 24h and ~25% in 7 days. That's 41% below its Sept 26 close ($1,653), yet still +89% YTD.
What drove it:
1️⃣ Macro: Oct CPI printed 0.4% vs 0.3% expected, lifting Fed hike bets and the 10Y yield to ~4.98%.
2️⃣ Leverage: ~$36–41M in longs liquidated (sources differ). Hyperliquid ZEC fell $1,199 → $966 in under a day.
3️⃣ Sell the news: the NU7 upgrade (Nov 6) and Grayscale's $1M pledge didn't spark spot demand.
Cross-check: not all privacy coins fell. XMR rose ~5.6% while ZEC dropped, which suggests ZEC-specific profit-taking, not a sector exit.
Levels:
🔹 Support: $933 → $895 (liquidation cluster) → $872 (200D EMA)
🔹 Resistance: $1,050 → $1,192
Since Jan 2025, ZEC dropped 12%+ in a day 14 times; 8 were higher a week later. Bounces happen, but a daily close above $1,050 is the first real signal.
Catching the dip or waiting for $933? 👇
NFA, DYOR.
$ZEC
$BTC
$XMR
#HotCPIDecemberHikePriced #ZEC #CryptoNews
🚨 ZEC breaks $1,000 for the first time since Sept: what the data says
ZEC hit a low of ~$961 on Nov 11, down ~15% in 24h and ~25% in 7 days. That's 41% below its Sept 26 close ($1,653), yet still +89% YTD.
What drove it:
1️⃣ Macro: Oct CPI printed 0.4% vs 0.3% expected, lifting Fed hike bets and the 10Y yield to ~4.98%.
2️⃣ Leverage: ~$36–41M in longs liquidated (sources differ). Hyperliquid ZEC fell $1,199 → $966 in under a day.
3️⃣ Sell the news: the NU7 upgrade (Nov 6) and Grayscale's $1M pledge didn't spark spot demand.
Cross-check: not all privacy coins fell. XMR rose ~5.6% while ZEC dropped, which suggests ZEC-specific profit-taking, not a sector exit.
Levels:
🔹 Support: $933 → $895 (liquidation cluster) → $872 (200D EMA)
🔹 Resistance: $1,050 → $1,192
Since Jan 2025, ZEC dropped 12%+ in a day 14 times; 8 were higher a week later. Bounces happen, but a daily close above $1,050 is the first real signal.
Catching the dip or waiting for $933? 👇
NFA, DYOR.
$ZEC
$BTC
$XMR
#HotCPIDecemberHikePriced #ZEC #CryptoNews
