Zcash Tumbles 24%: A Tale of Support Levels & Cryptocurrency Woes 🤯📉

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Well now, if you’ve ever seen a frog leap into a puddle and vanish without a ripple, you’ve witnessed Zcash’s price dive-24%, mark my words! It’s shattered support levels like a child with a porcelain vase and its EMA200 line, with analysts muttering about more gloom ahead. But hold your horses, partner; the long-term charts and the “private money” thesis still sit there, smug as a cat in a sunbeam.

  • Zcash’s price dropped 24% in a day, leading the parade of crypto’s misfortunes as it trampled support zones after a November rally that made a parrot green with envy. 🐦📉
  • Price dipped below the EMA200 with a bearish retest, and analysts are now scribbling dire warnings like a schoolboy’s essay on thunderstorms. ⛈️
  • Some clever clogs insist this correction’s just a hiccup in a grander uptrend, and Zcash’s “private money” idea might yet save the day. Let’s see, shall we? 😏

Zcash (ZEC) took a nosedive of 24% in one day, leading the charge of crypto’s winter blues as markets chilled to the bone. According to data, this privacy-obsessed coin hit one-month lows after a late Sunday slump, leaving support levels in tatters. Back in November, it soared to all-time highs after a three-month rally that made Wall Street blush. 📈➡️📉

🚨 ZCASH IS THE BIGGEST LOSER IN THIS CRASH$ZEC is leading the crypto crash, down 33% this week and 19% in 24 hours.

Now trading at $360, it’s down over 50% from its November high.

– Coin Bureau (@coinbureau) December 1, 2025

Since November’s peak, Zcash danced within a range like a confused bee before the late-November plunge sent it tumbling below key support for the first time in a month. It then slithered past more support levels, only to bounce back slightly-like a drunkard trying to walk a straight line. 🚶♂️

Zcash claimed the crown for biggest price drop on weekly and daily charts among cryptos. Analysts noted it fell below the EMA200, a “perfect bearish retest” followed by a “strong rejection,” as one wag put it. If Zcash can’t reclaim that moving average, it might just keep diving until it hits the moon’s shadow. 🌑

Altcoin Sherpa, a market oracle, warned Zcash could drop further after losing a crucial support level. But fret not-the price might bounce like a rubber ball during any slide. Bounce, crash, repeat. The eternal dance. 🕺

Mert Mumtaz, CEO of Helius, shrugged off the crash, calling it “normal” after a big rally. He praised Zcash’s “private money” thesis, declaring it the “entire purpose of crypto.” If that’s true, maybe Zcash should start charging entry fees to privacy. 💸

Make Sense, a pseudonymous analyst, said Zcash hit a critical technical level after falling to its first major support area. If it clings to current levels, a mid-range rally might follow. If not, it’ll test lower support before a trend reversal. “Market makers decide the next trend: bounce early → mid-range rally or deep sweep → full reversal. Either way, volatility’s about to explode!” the analyst quipped. 💥

The crypto market took a collective sigh, with assets falling like leaves in autumn. Data confirms it-no surprises there. 🍁

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2025-12-02 13:28