$1,230.40 was the line. $ZEC closed nine straight hours below it — the full unwind.
The tape, closed candles only:
16:00 UTC closed $1,232.24 — the last close standing on the line.
17:00 UTC: the break bar. O $1,232.35 → L $1,168.68 → C $1,177.58 on $28.17M — first close under the line, -4.4% in the hour.
18:00 UTC: C $1,163.80 on $29.46M — the day's heaviest bar. No bid.
19:00–20:00 UTC: the grind — $1,152.19 → $1,140.28.
21:00–22:00 UTC: dead-cat to $1,158.22/$1,156.61 — never even touched the line.
23:00 UTC: C $1,134.55 on $17.36M, wick $1,126.25 — fresh 24h low.
00:00 UTC: C $1,151.37. 01:00 UTC: C $1,144.49. Forming 02:00 at $1,139, unclosed.
Live: $1,139.45, -9.4% 24h. H $1,284.96 / L $1,126.25. $193.6M across 599k trades — real volume, not thin air.
Chart: RSI 31, under EMA20 $1,192.18 / EMA50 $1,221.95 — bearish stack. R $1,284.96, S $1,126.25. Window -8.5%.
Rank #11, $19.35B. 17M of 21M circulating. -64% off the $3,191.93 ATH.
No fresh timed ZEC headline tonight — newest NU7 pieces are Oct 21–24. This is deadline flow — NU7 activates at block 3,543,405 (~Nov 5): 75s→25s blocks, v4 dropped, old Sprout-pool ZEC becomes unusable at the consensus line.
The math: Oct 29's $1,398.14 tag → tonight's $1,126.25 = -19.5% in four days — the second pop-then-fade since Oct 21.
Honest other side: RSI 31 is not washed out — the Oct 21 fade ripped back to tag the lock-high four days later. Upgrades are bid events, and one strong hourly close above $1,230.40 rewrites this chapter.
New lines: $1,230.40 = the line — close back above with volume = the unwind failed. $1,177.58 = break-bar close — above = reclaim building. $1,126.25 = fresh low — close below = open air, no shelf in this window.
Not a call, either way. Just the tape.
02:00 UTC closes 07:30 IST: does the forming hour at $1,139 close above $1,177.58, or does the unwind keep walking toward $1,126.25?