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π₯ ZEC SHORT β DAY 45 | The Pullback Is Getting Serious
45 days into this ZEC short thesis, the 3-month target is already halfway complete β and the chart is still showing weakness.
$ZEC is now around $1,330, down roughly 0.5% in 24H, after peaking near $1,695 before entering a sharp correction.
π Technical Structure
β’ RSI6: 36.9 β weak, but not deeply oversold
β’ MACD: DIF 41.8 / DEA 87.6 β bearish momentum remains active
β’ KDJ: K 16.2 / D 19.4 / J 9.8 β still in the weak zone
β’ Sellers continue to control the daily structure.
π― Important Levels
Resistance: $1,365β$1,430
Support: $1,255
If $1,255 breaks decisively β $1,100β$1,120 becomes the next major downside zone.
π° Fresh Catalyst
Zcash's U.S.-listed spot ETF just recorded its first weekly net outflow since launching, with about $93.56M withdrawn through the latest week. ZEC has also fallen roughly 20%+ from its late-September peak.
At the same time, the NU7 testnet upgrade is scheduled around October 6, bringing a proposed reduction in block time from 75 seconds to 25 seconds. That could become an important catalyst, but price still needs to prove that buyers are returning.
β οΈ My View
The explosive September rally looks exhausted for now. Profit-taking, fading ETF demand and weakening momentum have created a much deeper correction in ZEC than in BTC and ETH.
I would not blindly bottom-fish here.
If $1,255 holds and momentum begins recovering, the short thesis needs reassessment. If it breaks with volume, $1,100 becomes the next area to watch.
45 days down. The key now is patience, not prediction.
#ZEC #Zcash #Crypto #BTC #ETH #ETF #Altcoins
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