Zec surged like a midnight whisper through the markets this week, climbing nearly 65% and leaving many wondering what shadows lurk ahead. While bulls eye more upside, one analyst hints at a sharp drop looming next.
Zec Stands Apart From Btc 🌑
Crypto markets flashed back to life lately after fresh US policy tweaks, and zec rode that wave harder than most coins. Grayscale chatted with a Digital Currency Group unit about transferring around 200,000 zec into their trust product. Word spread it would flip into an etf launching August 25.
Zec spiked briefly to roughly $880 on August 23, the top since January 2018. Now it hovers near $848 with a market cap over $14 billion.
X user jussy noted zec “is looking good” after the run and eyes $930 if it clears $850. Crypto Tony added $1,000 as the cycle floor at minimum.
Yet Crypto with Harris ₿ pushed back, placing real value under $500 due to that earlier vulnerability which hammered prices and prompted big exits like Arthur Hayes dumping his stack.
The chart shows price stretched way above daily averages and even the upper Bollinger Band, screaming overextended vibes. Watch those hype calls beyond $2,000.
“Zec is zec. It is not Bitcoin.”
Watch The Flows For Trouble 🦇
Net flows into exchanges have spiked lately with inflows beating outflows, a classic bearish cue as holders hand over self custody and pile on selling pressure.
View tweet from jussy
View tweet from Crypto Tony
View tweet from Crypto with Harris ₿
Just another echo from the void by iconofsin.eth 💖
