$ZEC Con ZEC is currently weighed down by negative news. Core developers have left, internal discord persists, market confidence is damaged → major players are no longer eager to hold onto their positions.
Recent rebounds appear more like dumping than accumulation.
Overall sentiment is:
Anyone still holding should consider exiting quickly,
Those on the sidelines should watch for opportunities to short.
No clear reason yet for big money to return at this time. Market psychology remains bearish, not accumulating. Zcash is facing a real crisis, not just a technical correction:
🧨 Major negative news: The entire development team at Electric Coin Company has resigned, causing massive panic and a sharp drop in price. Investors have lost confidence in the near-term roadmap → selling pressure has intensified.
💥 Extremely rapid price reaction: ZEC dropped below ~$380 during the recent decline, reflecting strong capital outflows.
🐋 Whale activity increased in dumping & shorting: On-chain data shows whales pushing ZEC onto exchanges, exchange reserves are rising → further selling is likely if sentiment continues to deteriorate.
📉 Market sentiment: RSI and volatility data indicate sellers are dominating the downward momentum, buyers remain cautious despite technical rebounds.
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