Can ZEC recover after a 50% Slump? These two key positions will determine the future market.

Question

【Coin World】ZEC&#39;s recent pullback has been quite severe, dropping directly from the high of six to seven hundred dollars to over three hundred, with half of the gains from the previous rise basically given back. However, a pro has stepped up to speak, suggesting that this adjustment is quite normal—after all, it had previously big pumped by more than ten times, so this pullback can be considered healthy. Interestingly, ZEC&#39;s market capitalization is currently only one-twentieth of Ripple&#39;s, which leaves quite a bit of room for imagination?The technical analysts are currently focusing on two key levels: if the 330-350 dollar range can hold, there might be another surge to 600 dollars; but if it breaks below the 300 dollar mark, the next stop could be the 240-260 range. Do you think this is a bottom-fishing opportunity or should we continue to wait and see?

LuckyBlindCat · Accepted Answer

Bottom fishing? I doubt it. If it can't even hold 330, just forget about it.

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A 50% drop and you're still calling it a healthy correction? That’s some serious spin from the big shots.

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Wait until it drops to 240 before getting in; if you go in now, you're just someone else's exit liquidity.

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Even Bitcoin hasn't moved, so why would ZEC have its own independent rally?

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The market cap is only one-twentieth of Ripple's? What does that mean? Higher risk, obviously.

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This round, all you can do is watch. If you act before a clear signal, you're just losing.

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Only if 350 holds do we have a shot; otherwise, it's just a continuous slide.

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I just want to know who’s still averaging in at this price level.

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Half the gains are already gone; what are we supposed to do with what's left?

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Technical levels are always easier said than done.

MeaninglessGwei · Answer

It's already been cut in half and you still talk about "huge potential"? I'm tired of hearing this line... If 330 really can't hold, it'll go straight to 240. Stop giving yourself false hope.

degenonymous · Answer

If I can&#39;t hold on to 330, I&#39;ll just accept the loss and exit, anyway there&#39;s no profit to be made this round.

GasWaster · Answer

nah not falling for this one again... watched zec pump to 700 and i'm still sitting on failed txs from the migration, paid like 400 gwei just to get bridged out lmao. now it's "healthy correction" they say? sure buddy, tell that to my cost-basis spreadsheet that's screaming rn tbh

PortfolioAlert · Answer

330 can&#39;t hold, we have wasted this year.

DYORMaster · Answer

Whether this level can be defended is really a hurdle; if it&#39;s broken, it&#39;s all over.

AlwaysQuestioning · Answer

If it can hold at 330, I dare to buy in; if it breaks 300, I will just lie flat.

MaticHoleFiller · Answer

This level feels tricky, be cautious when buying the dip, bro.

MergeConflict · Answer

If 330 can&#39;t hold, I will directly close all positions; there&#39;s no need to accompany it to 240.