{"id":239827,"date":"2026-10-15T11:32:55","date_gmt":"2026-10-15T11:32:55","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=239827"},"modified":"2026-10-15T11:32:55","modified_gmt":"2026-10-15T11:32:55","slug":"zcash-zec-slips-15-daily-yet-analysts-view-the-correction-as-a-gift","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=239827","title":{"rendered":"Zcash (ZEC) Slips 15% Daily, Yet Analysts View the Correction as a \u2018Gift\u2019"},"content":{"rendered":"

The cryptocurrency market took a significant step back over the past 24 hours after US inflation came in higher than expected (among other reasons).<\/p>\n

Bitcoin (BTC) dipped 3% on a daily basis, while popular altcoins like Zcash (ZEC) posted double-digit declines. However, several analysts remain optimistic about the privacy coin and see the pullback as a buying opportunity.<\/p>\n

New Rally Incoming?<\/h2>\n

ZEC is down approximately 15% for the day and currently trades below $1,100 (per CoinGecko). Its market capitalization fell to nearly $18.3 billion, yet the asset remains one of the 10 biggest cryptocurrencies.\u00a0Interestingly, its recent downfall doesn\u2019t seem like bad news to some analysts. X Finance Bull said<\/a> he sold his entire ZEC position earlier this year when the price hit $1,500.<\/p>\n

\u201cMy reason was simple: there had been almost no real correction since $500, and I didn\u2019t see the utility expanding enough to justify chasing it higher,\u201d he explained.<\/p>\n

The latest correction, though, has changed the analyst\u2019s plans, and he said he\u2019s going back to the ZEC chart and fundamentals because he sees a potential setup developing.<\/p>\n

\u201cWe prepared before the fear came. Now the market is giving us the prices. The next leg of this bull market is coming. We\u2019re ready,\u201d he concluded.<\/p>\n

Altcoin Sherpa \u2013 a popular X user with over 260,000 followers also chipped in. The analyst closely watched the privacy coin\u2019s price chart, describing<\/a> a slump to $1,000 or lower as a \u201cgift.\u201d\u00a0Jesse Olson joined the topic, too. He predicted<\/a> the asset\u2019s valuation could head south toward $900 in the short term, then stage a major recovery to as high as $1,600.<\/p>\n

Monitoring These Indicators<\/h2>\n

ZEC\u2019s Relative Strength Index (RSI) favors the rebound scenario. The ratio fell to 30, suggesting the asset is in oversold territory and could be on the verge of a pump. The index runs from 0 to 100, where anything above 70 typically signals an impending correction.<\/p>\n

<\/a>ZEC RSI, Source: RSI Hunter<\/p>\n

On the other hand, ZEC\u2019s exchange netflow signals that the red wave may intensify in the near future. According to CoinGlass, inflows have surpassed outflows over the past few weeks, meaning some investors have moved holdings from self-custody to centralized platforms, increasing immediate selling pressure.<\/p>\n

<\/a>ZEC Exchange Netflow, Source: CoinGlass<\/p>\n

The post Zcash (ZEC) Slips 15% Daily, Yet Analysts View the Correction as a \u2018Gift\u2019<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

The cryptocurrency market took a significant step back over the past 24 hours after US inflation came in higher than expected (among other reasons). Bitcoin (BTC) dipped 3% on a daily basis, while popular altcoins like Zcash (ZEC) posted double-digit declines. However, several analysts remain optimistic about the privacy coin and see the pullback as […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-239827","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/239827"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=239827"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/239827\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=239827"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=239827"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=239827"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}