ZEC Death Spiral Has Begun
$ZEC just failed the $400 level and crashed 16%. The structure is broken. Worse, its correlation with $BTC has decoupled entirely, meaning a Bitcoin rally won't save it. The real danger lies near $300. We are sitting on $17.49 million in vulnerable longs. If that support breaks, cascading liquidations will push $ZEC toward $260. The sell pressure is intense. Buyers need to reclaim $344 immediately or face the abyss.
This is not financial advice. Trade responsibly.
#ZEC #CryptoTrading #Liquidation #PrivacyCoin
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ZECUSDT
Perp
358.98
+4.77%
BTCUSDT
Perp
91,300.6
+1.87%