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$ZEC Going to $99... or Even $15–$30?
Yes, you heard that right.
#Zcash just witnessed one of the most brutal corrections of the year, crashing from $628 to $250 within hours. That's a wipeout of nearly 60% from the local top, leaving traders shocked and liquidations piling up.
What Happened ?
The sell-off was triggered after a critical vulnerability in Zcash's Orchard privacy pool was disclosed. The issue, which had existed for years before being patched, raised concerns across the market and sparked aggressive profit-taking from whales.
The result? A historic flash crash that sent ZEC from the $628 region straight down to $250.
Current Technical Situation
🔹 Major resistance: $380–$400
🔹 Current support: $300
🔹 Strong support: $200
🔹 RSI is heavily oversold after the crash
🔹 MACD remains bearish but selling momentum is slowing
🔹 Price is attempting to build a recovery base above the panic low
The good news is that buyers stepped in aggressively near $250, preventing a complete collapse. However, bulls still need to reclaim $400 to confirm that the worst is over.
If support fails:
➡️ $250 retest
➡️ $200 next major support
➡️ $99 becomes a realistic long-term target
⚔️ The battle is now between $300 support and $400 resistance.
🟢 Above $400 → Recovery continues.
🔴 Below $300 → Bears stay in control.
After a crash from $628 to $250, volatility is at extreme levels. Expect massive swings in both directions as the market decides its next move.
