$ZEC Market Update:
The market just witnessed a historic capitulation on ZEC following the team resignation news. Prices collapsed over 20% in hours, printing a wick down to $381.
Currently trading at $429, ZEC is forming a potential bear flag. The bounce to $435 lacked the conviction needed to reverse the trend. The $445 level—the open of the crash candle—is now a massive resistance wall.
Scenario A (Bearish Continuation): Rejection at $435-$440 leads to a retest of the $381 lows. Losing that opens the trapdoor to lower discovery.
Scenario B (Stabilization): Bulls must defend $416 to build a higher low structure.
Stay liquid. This volatility is not for the faint of heart.
