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Privacy Coins collectively fall: ZEC and DASH's quarterly rise drops to zero and continue to break down.

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[Coin World] The situation for Privacy Coins is truly dire.

Zcash's gains for the entire quarter have basically been wiped out, and after breaking through the parallel channel, it continues to plummet. Given the current trend, the next stop is likely heading straight for the support level around $285, with another 22% downside potential. DASH is even worse, having been halved from its peak and then halved again, dropping nearly 70%. Whether it can hold the $30 defense line is now a question.

There aren't any good news on the technical front either. Indicators like RSI and MACD are all trending downwards, and the bearish pressure is quite evident, with no signs of a rebound in the short term.

Ultimately, it is still an issue of the overall environment—currently, market funds are all flowing towards mainstream coins, and liquidity is concentrated entirely on large-cap assets. Privacy Coins originally have a small market cap, and during such times, they are even more marginalized. Unless there is a significant shift in overall sentiment, this kind of niche sector will likely continue to face pressure.

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CryptoSurvivorvip
· 14h ago
The Privacy Coin is really going to restart this time; it should have been cleaned up long ago, otherwise, how can we hype the next round of stories...
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GasFeeTherapistvip
· 14h ago
The Privacy Coin is really dead this time, feels like there's no chance of a comeback.
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BearMarketBuildervip
· 14h ago
Privacy Coin really seems to be on the verge of collapse, DASH is almost falling to the Floor Price, how long will it take to recover losses after this wave...
View OriginalReply0
MetaverseHomelessvip
· 14h ago
Privacy Coin is really losing popularity, and the funds have all gone to the big market.
View OriginalReply0
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