🚨 ZCASH ($ZEC
) ALERT 🚨
⚠️ 40–50% downside risk emerging
$ZEC dumped 20%+ to ~$381 after the entire ECC dev team resigned, shaking market confidence.
📉 Technical damage is real: • Rejected at descending channel top
• Broke key support + 20-day EMA
• Bear flag breakdown confirmed
🔻 Downside targets: • $275–300 → Bear flag measured move
• $200–250 → Channel support + historical demand
• 200-day EMA acting as a downside magnet
🧠 Even with plans to form a new dev company, price reacts to uncertainty first.
This looks like risk-off, not accumulation — yet.
#ZEC #Zcash #Crypto #Altcoins #TechnicalAnalysis