2025-12-23 16:26:02

That day, I watched the green line on the Candlestick Chart plummet straight from $553 to $422, and a Crypto Veteran who had been trading for three years didn't check the trading interface but instead started focusing on those calm assets.

The four-hour chart of ZEC has already given a signal. The two lines of MACD have broken below the 0 axis, forming a classic death cross pattern - bearish momentum has completely overwhelmed bullish momentum. RSI has also slid into the oversold area, but this time it's different; the market is proving that oversold can continue to be oversold.

When the liquidation data comes out, long positions are being liquidated on a large scale. Many large holders are quietly offloading. The two price points of $553 and $678 are like two walls, firmly blocking the rebound. The support below is teetering between $431 and $326; if it breaks, it could further drop to $227.

The one-hour chart is all green. It dropped from around 553 to 422, a decrease of 6.28%. Such a straight-line plummet usually indicates a concentrated outbreak of panic sentiment.

The technical aspect is clear at a glance: the MACD has a death cross below the 0 axis, indicating strong short-term momentum. Although the RSI is nearing oversold levels, in a crazy market, indicators often become blunt and ineffective, and prices may continue to test downward.

Structurally, $553 and $678 have become key resistance levels. Any rebound to these positions will be smashed down. The focus below is to hold the support zone of $431-$326. Once this breaks, be prepared for a larger correction.

The single-day crash of ZEC is not an isolated case.

ZEC9.85%

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Degentleman

· 12-24 07:01

Damn, this drop is so steep it made my hands shake. Experienced traders don’t look at the charts; they watch other assets. The more I look, the more nervous I get. If we can't hold at 427, then we really need to prepare for a bottom-fishing. But do I dare to buy now? I don't dare. Overbought can still be overbought—this hits hard. All indicators are invalid. How can we play like this? This wall at 553 must be broken. Maybe I should really try at 227... Let me take a moment first. If this rebound gets crushed and the price keeps falling, no wonder big players are quietly offloading. When the one-hour chart turned fully green, I knew today was doomed. Now I’m still debating whether to cut my losses.

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RugpullTherapist

· 12-23 16:55

Bro, this wave really can't hold up anymore, from 553 to 422 it directly plummeted, making me break out in a cold sweat. When the large investors were dumping, we were still watching the indicators, hilarious. Those technical signals were already there, death cross plus oversold, yet the market somehow played the oversold to new heights. The current issue is whether 431 will break, once it cracks, it will really be over. It feels like this round of ZEC is no longer a technical issue, purely a psychological war. What happened to the promised rebound? It's been smashed down without any power to fight back.

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RooftopReserver

· 12-23 16:48

Crypto Veterans have closed their eyes and are lying flat for three years, and I'm still there staring at the market... I'm really the worst.

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SleepyValidator

· 12-23 16:47

Is this brother going to buy the dip again based on technical analysis? I’m really scared of this market, it feels like indicators failing has become the norm. --- If it breaks from 431 to 326, I’ll just lie flat and continue to play around. --- Large Investors dumping is too blunt to say, haha, anyway, I’m the type who closes my eyes and sleeps without looking at the market. --- Oversold continues to be oversold, this statement hit me hard; the market doesn't follow any rules. --- Two walls blocking the rebound? I think it will be smashed through in ten minutes. --- The most terrible thing about a straight plunge is that you can't react at all; those with fast hands have already taken losses.

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screenshot_gains

· 12-23 16:35

This brother's technique is really amazing, instead of watching the market during the big dump, he turns around to buy the dip on other things. This is the highest realm of trading!

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