At the end of last year, ZEC Coin experienced a significant rally, which was followed by significant losses after the departure of its core team. This has led to an intriguing question: has ZEC Coin hit rock bottom? Experts offer contrasting perspectives on the future of Bitcoin (BTC) and its expected performance. By analyzing current market conditions and forecasts, we aim to offer a comprehensive view from various perspectives.
Current State of ZEC Coin
Once a leader among privacy altcoins, ZEC Coin found itself forecasted for a decline by 2026 as sales were anticipated to start. In the midst of increasing regulations, many investors began to secure their holdings by investing in privacy-focused altcoins, which propelled coins like ZEC, XMR, and DASH to unprecedented peaks.
According to Sherpa, current conditions do not offer attractive trading opportunities. The accompanying chart highlights significant price levels.
“Predicting ZEC’s short-to-mid-term trajectory is truly challenging. It responded well to the 0.618 fib level in early December but has since pulled back. It might either experience a few weak bounces before sinking or consolidate for a while. In either case, trading this pair is currently unappealing.”
Sherpa indicates that purchasing ZEC Coin may not be ideal at this time.
Bitcoin and Geopolitical Tensions
Hours ago, Trump threatened Iran again, deploying a new warship to the region. After the incident in Venezuela, the likelihood of interventions in other regional countries persists. For Europe, the Greenland dispute has exacerbated tensions despite temporary agreements, signaling more issues for that region from Trump. These elements suggest a potential increase in Bitcoin sales.
Jelle notes a formation previously causing rally responses has emerged, raising hopes that support may not be broken this time around.
Nic shared the above chart, expressing optimism as the Realized Price (the price at which the active coins moved or were purchased) sits slightly above current levels.
“Since November, we’ve consistently regained this level. Should we fall below it, the next significant level is the Real Market Average ($80,700). Remember, the total investor-reported price is $56,000, often marked as the potential low in prolonged bear markets.”
After declines, prices remain below the range, suggesting further losses are foreseeable. Analyst Columbus highlighted this support line as a critical area for potential recovery.
