📉 Zcash ($ZEC ) Faces Heavy Selling Pressure Despite a Small Bounce
ZEC is trading around $910.38, up 2.8% in 24 hours but down 28.11% over the past 7 days and 25.42% over 30 days.
The sharp correction is driven by profit-taking, ETF outflows, leveraged liquidations, and macroeconomic uncertainty.
Despite the recent NU7 upgrade and Grayscale’s $1 million ecosystem pledge, selling pressure remains strong.
Key Levels to Watch: ZEC needs to reclaim the $950–$1,000 zone to improve its recovery outlook.
Outlook: The short-term bounce is not yet a confirmed reversal. Continued ETF outflows and broader market weakness could create further downside risk.
#Zcash #ZEC #CryptoMarket #CryptoNews #Altcoins
ZEC is trading around $910.38, up 2.8% in 24 hours but down 28.11% over the past 7 days and 25.42% over 30 days.
The sharp correction is driven by profit-taking, ETF outflows, leveraged liquidations, and macroeconomic uncertainty.
Despite the recent NU7 upgrade and Grayscale’s $1 million ecosystem pledge, selling pressure remains strong.
Key Levels to Watch: ZEC needs to reclaim the $950–$1,000 zone to improve its recovery outlook.
Outlook: The short-term bounce is not yet a confirmed reversal. Continued ETF outflows and broader market weakness could create further downside risk.
#Zcash #ZEC #CryptoMarket #CryptoNews #Altcoins
