📉 ZEC Just Gave Back 31%. Is the Selling Climax About to Crack?
Zcash spent September acting like the main character. October handed it the bill.
$1,698 top on Sep 27
$1,161 now
-31.6% in 16 days
The $1,250 to $1,700 chop was never strength. It was 4H distribution, and once price lost the rising channel and the range floor, the unwind came fast.
The flush printed a selling climax near $1,100. The AR bounced it to $1,250, and one more push tagged $1,350, straight into the $1,280 to $1,350 supply block. Rejected hard.
Since then ZEC has sliced back through the $1,205 CHoCH and is drifting toward the SC low again. Lower high, broken structure, sellers back in control of the 4H.
This is the secondary test, and it decides the next leg ⚠️
Hold $1,100 → the climax was real, a base can form, and reclaiming $1,205 to $1,250 reopens $1,350.
Lose $1,100 → the bottom was just a pause, and the range breakdown gets its continuation.
Watch volume on this retest. A quiet test that holds is what bulls want. A heavy-volume break through the SC low is what they fear.
Leverage got punished all the way down. No reason to front-run the level with size.
Base building at $1,100, or round two of the unwind?
Not financial advice.
$ZEC
$GTC
$RSR
Zcash spent September acting like the main character. October handed it the bill.
$1,698 top on Sep 27
$1,161 now
-31.6% in 16 days
The $1,250 to $1,700 chop was never strength. It was 4H distribution, and once price lost the rising channel and the range floor, the unwind came fast.
The flush printed a selling climax near $1,100. The AR bounced it to $1,250, and one more push tagged $1,350, straight into the $1,280 to $1,350 supply block. Rejected hard.
Since then ZEC has sliced back through the $1,205 CHoCH and is drifting toward the SC low again. Lower high, broken structure, sellers back in control of the 4H.
This is the secondary test, and it decides the next leg ⚠️
Hold $1,100 → the climax was real, a base can form, and reclaiming $1,205 to $1,250 reopens $1,350.
Lose $1,100 → the bottom was just a pause, and the range breakdown gets its continuation.
Watch volume on this retest. A quiet test that holds is what bulls want. A heavy-volume break through the SC low is what they fear.
Leverage got punished all the way down. No reason to front-run the level with size.
Base building at $1,100, or round two of the unwind?
Not financial advice.
$ZEC
$GTC
$RSR