{"id":53835,"date":"2025-11-27T13:16:02","date_gmt":"2025-11-27T13:16:02","guid":{"rendered":"https:\/\/crypto-globe.com\/?p=53835"},"modified":"2025-11-27T13:21:20","modified_gmt":"2025-11-27T13:21:20","slug":"zcash-fell-30-in-november-is-another-price-drop-imminent","status":"publish","type":"post","link":"https:\/\/crypto-globe.com\/en\/zcash-fell-30-in-november-is-another-price-drop-imminent\/","title":{"rendered":"Zcash fell 30% in November, is another price drop imminent?"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/crypto-globe.com\/en\/the-volume-of-cryptocurrency-trading-rose-by-40-to-czk-1-4-billion-in-october\/\" target=\"_blank\" rel=\"noopener\" title=\"\"><strong>Cryptocurrency<\/strong><\/a><strong> Zcash fell approximately 30% from its peak of $750 in November after a sharp rise and is currently trading in a sensitive technical zone. Analysts warn that a combination of uncertain macroeconomic conditions, weakening momentum, and suspicious marketing hype may indicate an increased risk of a deeper correction.<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Symmetrical triangle points to growing risk of deeper ZEC correction<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">On the four-hour chart, ZEC is moving within a symmetrical triangle, reflecting indecision after a previous 1,500% rise. The pattern formed after a rebound from long-term support in the form of the 200-4H EMA and allows for short-term <a href=\"https:\/\/trader-magazine.com\/news\/foxconns-net-profit-down-12-3-percent-but-expects-strong-sales-growth\/\" target=\"_blank\" rel=\"noopener\" title=\"\">growth<\/a> to around $686. However, symmetrical triangles can break in either direction, and the current market sentiment suggests a risk of decline.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If sensitive macroeconomic conditions do not improve, ZEC could break through the lower trend line of the formation, which would technically open the way to $282. This level corresponds to the local highs from October and also coincides with the 20-week EMA, making it a significant potential support.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">The break and suspected hype are pushing ZEC towards a possible 60% correction<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Another warning comes from comparing ZEC&#8217;s current parabolic development with the situation at BNB in 2021. According to trader NebraskanGooner, ZEC has lost key parabolic support, which often leads to a correction of around 60%. This would shift the target zone between $220 and $280. At the same time, suspicions of a &#8220;<strong>pump-and-dump<\/strong>&#8221; are emerging, with some analysts pointing to paid marketing offers and fake headlines supporting the hype.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Despite the bearish signals, some influential <a href=\"https:\/\/crypto-globe.com\/en\/bitcoin-should-not-be-in-small-investors-portfolios-warns-platform\/\" target=\"_blank\" rel=\"noopener\" title=\"\">investors<\/a> remain optimistic. Arthur Hayes and the Winklevoss brothers believe in the long-term potential of <a href=\"https:\/\/z.cash\/\">Zcash<\/a> and speculate on prices in the thousands of dollars. In the short term, however, technical formations and market sentiment indicate that ZEC may still face a significant correction.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cryptocurrency Zcash fell approximately 30% from its peak of $750 in November after a sharp rise and is currently trading in a sensitive technical zone. Analysts warn that a combination of uncertain macroeconomic conditions, weakening momentum, and suspicious marketing hype may indicate an increased risk of a deeper correction. Symmetrical triangle points to growing risk [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":53836,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"yasr_overall_rating":0,"yasr_post_is_review":"","yasr_auto_insert_disabled":"","yasr_review_type":"","footnotes":""},"categories":[162],"tags":[110,93],"class_list":["post-53835","post","type-post","status-publish","format-standard","has-post-thumbnail","category-crypto","tag-crypto","tag-cryptocurrencies"],"aioseo_notices":[],"yasr_visitor_votes":{"stars_attributes":{"read_only":false,"span_bottom":false},"number_of_votes":0,"sum_votes":0},"aioseo_meta":{"seo_title":"Zcash fell 30%, is another price drop? #separator_sa #site_title","meta_description":"Cryptocurrency Zcash fell approximately 30% from its peak of $750 in November after a sharp rise and is currently trading in a sensitive technical zone.","focus_keyword":""},"_links":{"self":[{"href":"https:\/\/crypto-globe.com\/en\/wp-json\/wp\/v2\/posts\/53835","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/crypto-globe.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-globe.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-globe.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-globe.com\/en\/wp-json\/wp\/v2\/comments?post=53835"}],"version-history":[{"count":1,"href":"https:\/\/crypto-globe.com\/en\/wp-json\/wp\/v2\/posts\/53835\/revisions"}],"predecessor-version":[{"id":53843,"href":"https:\/\/crypto-globe.com\/en\/wp-json\/wp\/v2\/posts\/53835\/revisions\/53843"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-globe.com\/en\/wp-json\/wp\/v2\/media\/53836"}],"wp:attachment":[{"href":"https:\/\/crypto-globe.com\/en\/wp-json\/wp\/v2\/media?parent=53835"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-globe.com\/en\/wp-json\/wp\/v2\/categories?post=53835"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-globe.com\/en\/wp-json\/wp\/v2\/tags?post=53835"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}