- ZEC posted the steepest weekly decline among major altcoins, with the asset falling over 50% from its recent high during sustained selling.
- Analysts reported continued bearish structure after the break of multi-week support, pushing ZEC toward critical reaction zones within the ongoing correction.
- Increased volume and consistent lower highs and lows is a reflection of an extended downturn.
The ZEC price crashed with one of the steepest drops among major cryptos. The asset has slid rapidly over the past two weeks,following the weekly correction closely.
Sharp Declines After Rejection Near Key Resistance
ZEC failed to maintain momentum above its recent resistance zone near the mid-$700 range. In a post on social media, Crypto Patel stated that ZEC is to enter long positions during the rally above $700.
He added that the breakdown followed repeated rejections around the ATH band, forming a distribution pattern as buyers lost control.Price action later confirmed this shift when the multi-week trendline support gave way, producing a rapid selloff.
The decline pushed the pair toward the mid-$300 region, marking a large move from its peak. The chart shared in Patel’s update illustrated bearish dominance, with candle formations showing weak demand throughout the drop.
Technical markers such as Fibonacci retracement levels pointed to reaction zones at $259 and $186. Patel mentioned potential movement toward these areas while also noting that traders might consider securing profits as momentum remains heavy.
Largest Weekly Loss Among Major Assets
The Coin Bureau referred to the ZEC price crash as the steepest weekly decline among top altcoins. According to the post, ZEC fell more than 33% this week and nearly 19% in the last 24 hours.
The asset moved to around $360, putting it more than 50% below its November high.The market update suggested that ZEC’s accelerated drop reflected aggressive selling pressure.
Unlike other assets showing mixed intraday behavior, ZEC recorded a near-constant bearish structure throughout the week. The fall appeared to align with prior technical breakdowns and heavy unwinding during the corrective phase.
Privacy-focused coins are experiencing broader caution, however, ZEC stood out as the most volatile performer, leading traders to watch its upcoming support levels closely.
Market Structure Shows Deepening Correction
A daily chart shared by Coin Bureau displayed a 51.69% decline over 15 days, showing the depth of the current phase. The pattern of lower highs and lower lows maintained a steady rhythm as sellers remained active.
Increased volume above 4.9M supported the view that the downturn extended beyond isolated reactions.Breaks below psychological areas near $400 suggested an absence of strong buyers.
A broad Fair Value Gap between $135 and $84 remained a distant but notable target if momentum persists.
