{"id":250353,"date":"2026-11-11T18:08:27","date_gmt":"2026-11-11T18:08:27","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=250353"},"modified":"2026-11-11T18:08:27","modified_gmt":"2026-11-11T18:08:27","slug":"zcash-zec-collapses-below-1000-can-the-bulls-fight-back","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=250353","title":{"rendered":"Zcash (ZEC) Collapses Below $1,000: Can the Bulls Fight Back?"},"content":{"rendered":"

The popular privacy coin, among the top performers earlier this year, has plunged by double digits over the past 24 hours, falling below the $1,000 psychological mark.<\/p>\n

Many analysts now expect the asset to head further south, while some key factors suggest a bullish reversal may be just around the corner.<\/p>\n

Back to Three Digits<\/h2>\n

Zcash (ZEC) has undergone a painful correction, losing roughly 14% of its value in the last day and currently trading around $975 (per CoinGecko). This also represents a whopping 42% collapse from the multi-year high of approximately $1,700 reached this September. Following the pullback, ZEC\u2019s market capitalization dropped to nearly $16.6 billion, meaning it is no longer among the 10 biggest cryptocurrencies after Hyperliquid (HYPE) overtook it.<\/p>\n

Its decline comes amid a broader market correction, yet its magnitude is surprising given Grayscale\u2019s latest effort. The leading digital asset manager revealed<\/a> that it will reinvest 100% of its ZEC ETF sponsor fees into the Zcash network across development, marketing, community, and education.\u00a0<\/span><\/p>\n

Several analysts think there is no immediate bounce in sight and anticipate further declines. X user Altcoin Sherpa expects<\/a> an ultimate bottom in the $800-$900 range before a potential reversal.<\/p>\n

Crypto Patel was even more pessimistic, advising<\/a> investors to book 50% of their profits here and \u201ctrail the remaining position with a disciplined stop-loss.\u201d In their view, the price could crash all the way down to the $500-$200 zone.<\/p>\n

Meanwhile, the correction has negatively impacted<\/a> a mysterious market participant who previously opened a 10x long on 18,000 ZEC ($17.63 million) and is now sitting on a major loss of over $2.8 million (at least on paper). The trader will be fully liquidated if ZEC collapses to around $895 unless they provide additional collateral to keep the position open.<\/span><\/p>\n

The Bullish Outlook<\/h2>\n

Certain factors, including ZEC\u2019s Relative Strength Index (RSI), suggest that the asset may stage a short-term recovery. The technical analysis tool, which measures the recent magnitude and speed of price changes, runs from 0 to 100, and can give traders an idea of potential reversal points.<\/p>\n

Readings below 30 indicate that the asset has entered oversold territory and could be gearing up for a rebound, while anything above 70 is typically considered a warning for an impending pullback. Currently, the RSI stands at 29.<\/p>\n

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

Next on the list is ZEC\u2019s exchange netflow. Over the past several days, outflows have surpassed inflows, meaning that investors have abandoned centralized platforms in favor of self-custody wallets, thereby reducing immediate selling pressure.<\/p>\n

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

\u00a0<\/p>\n

The post Zcash (ZEC) Collapses Below $1,000: Can the Bulls Fight Back?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

The popular privacy coin, among the top performers earlier this year, has plunged by double digits over the past 24 hours, falling below the $1,000 psychological mark. Many analysts now expect the asset to head further south, while some key factors suggest a bullish reversal may be just around the corner. Back to Three Digits […]<\/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-250353","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/250353"}],"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=250353"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/250353\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=250353"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=250353"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=250353"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}