Zcash: Buy, Sell, or Betray? 📉💸

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Key Takeaways

What are the next price targets for ZCash?

A rally to $885 and $1,036 was possible in the coming days and weeks. A fleeting hope, perhaps, but one that lures the desperate and the hopeful alike. 🧠💸

Does this mean it is time to buy ZCash?

Traders may consider buying, yet for those who seek to hold, the hour is too late, as if the very market conspires against their patience. 🕯️💀

ZCash [ZEC] recovered impressively from its retracement to $424 a week ago. This retracement measured 43.42% at its peak, and extended from $750 to $424.35. A descent into the abyss, only to rise again, like a phoenix in a world of ash. ⚰️🔥

It only took five days to play out, and bulls were ready to bid and drive the uptrend higher. A dance of greed and fear, where the bulls are but puppets of the market’s whims. 🦌🌪️

However, since the 7th of November, Bitcoin [BTC] has dropped by 8%. During this period, ZEC has gone down by 8.98%. A tale of two coins, both falling, but one with a more tragic arc. 🐍📉

Is this the time to buy or sell ZCash? Was the recent retracement and the subsequent recovery a sign of bullish strength? A question that haunts the soul of every investor, as if the answer lies in the stars-or the void. 🌌🌀

The ZCash dilemma – buy, sell, or hold?

A bearish divergence (white) between price and momentum has developed on the daily timeframe. This indicates a retracement is likely over the coming days, and could take prices back to the $500 mark. A warning from the market, like a serpent coiled around the hope of investors. 🐍📉

The divergence heightened the risk of volatility in the coming days. However, zooming out, we find that the time to buy ZEC was a long way behind us. Now is the time for long-term holders to sell their ZEC. A cruel twist, where the wise sell and the foolish cling. 🧠💸

If trying to make some gains, the risk right now is too high compared to the reward. A gamble where the dice are loaded, and the house always wins. 🎲💀

The privacy narrative can still drive ZEC up to $880 and $1,030, but this opportunity comes with sizeable downside risk. A siren song, luring the unwary into the depths of despair. 🎶🌊

In mid-2024, ZEC formed a bullish weekly structure after a rally beyond $35.59 in the first week of August. Toward the end of 2024, the $47 resistance was breached. A moment of triumph, fleeting as a candle in the wind. 🕯️🌬️

The subsequent retracement in the first half of 2025 saw a retest of the demand zone at $30, marked in cyan. The bullish structure shift and the breakout past a key resistance level were the technical clues for buying ZCash. A puzzle for the astute, but a trap for the naive. 🔍🧩

The privacy narrative began to gain traction in September, strengthening in October. Technical and narrative strength combined to send prices soaring. A marriage of logic and myth, where numbers and stories collide. 📈📜

Instead of buying ZEC now, investors should do their research and find tokens with a compelling use case or potential narrative with a promising structure, with ZEC’s run for reference. A lesson in humility, where the wise seek alternatives. 🧠🔍

In a post on X, CEO of Bitwise Asset Management Hunter Horsely asked Crypto Twitter denizens for their arguments against ZCash and in favor of Bitcoin, and “only Bitcoin”. A dogma wrapped in a meme, where dissent is heresy. 🐶🔥

Critics pointed out that nothing fundamental has changed about ZCash in the past six months. The rally was not because of a fundamental shift, but one driven by hype, FOMO, and a powerful privacy thesis. A storm of delusion, where the crowd’s voice drowns out reason. 🌪️🔊

Therefore, new entrants to the ZCash market face high risks and relatively small rewards. A smarter move is to find alternative tokens to buy that broke key resistances and were revisiting pivotal demand zones. A path of caution, where the brave choose the safer road. 🛣️🧩

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2025-11-18 00:24