Two weeks ago, $ZEC was still above 1,300. Now it’s at 912. I stumbled across it over the weekend and did a double take.
It wasn’t dragged down by the broader market—Bitcoin fell much less over the same period. It looks more like spot ETFs have been bleeding: in November, net outflows have already approached $30 million, with money flowing out on 6 trading days.
The levels I’m watching are simple: 880 is the low it just hit over the past couple of days; if it can’t hold, we’ll have to look lower. Around 970 is resistance on a rebound. Until it gets back above that, I won’t consider it a recovery.
There’s another variable: starting next week, the community will vote on whether to cut the block rewards allocated to community grants. It’s hard to tell which way the news will go, so I’m just treating it as a volatility amplifier.
Trading volume is still over a billion, so there’s no shortage of people playing. That’s why I treat every bounce as just a bounce.
Do you think 880 will hold?
Just my personal observations, not investment advice
#Zcash #山寨币 #Cryptocurrency
It wasn’t dragged down by the broader market—Bitcoin fell much less over the same period. It looks more like spot ETFs have been bleeding: in November, net outflows have already approached $30 million, with money flowing out on 6 trading days.
The levels I’m watching are simple: 880 is the low it just hit over the past couple of days; if it can’t hold, we’ll have to look lower. Around 970 is resistance on a rebound. Until it gets back above that, I won’t consider it a recovery.
There’s another variable: starting next week, the community will vote on whether to cut the block rewards allocated to community grants. It’s hard to tell which way the news will go, so I’m just treating it as a volatility amplifier.
Trading volume is still over a billion, so there’s no shortage of people playing. That’s why I treat every bounce as just a bounce.
Do you think 880 will hold?
Just my personal observations, not investment advice
#Zcash #山寨币 #Cryptocurrency
