ZEC Implosion: Core Team Jumps Ship, Privacy Narrative DEAD? ๐จ
$ZEC just got rocked as the entire Electric Coin Company (ECC) team resigned amid a brutal governance fight with Bootstrap over funding and direction. This isn't just a dip; it's a crisis of faith for the privacy coin. ๐
The fallout is immediate: $ZEC shattered the critical $400 psychological level, triggering massive liquidations across long positions. Do NOT try to catch this falling knife right now.
Key levels to watch: $370โ$380 holds $17.4M in longsโa break here means a deeper cascade. Resistance sits heavy between $400โ$415 where $13.7M in shorts are waiting.
While the immediate panic selling is brutal, the long-term privacy thesis isn't entirely dead, but the governance shock has exposed severe liquidity fragility. Survival depends on holding that $370 defense.
#ZEC #CryptoCrisis #PrivacyCoin #MarketShock
