Technical analysis by kmiarka about Symbol ZEC: Sell recommendation (12/31/2025)

Why Shorting ZEC Right Now Has a Strong Bear Case? 1. Price is in a clear multi‑week downtrend - ZEC recently fell 5–6% in 24 hours, failing to reclaim the key $420 resistance level. - It previously collapsed from $744 → $313, and every bounce since has been weak and short‑lived. - Bears are “tightening grip” at $420, repeatedly rejecting upside attempts. This shows a market where sellers are in control and rallies are being sold into. - There is “stagnation in shielded ZEC tokens,” which signals reduced demand for Zcash’s core privacy feature. - Broader market pressure is hitting privacy coins as a category, with correlated tokens also dropping sharply. 2. Technical structures point to deeper downside - ZEC remains below a multi‑year descending trendline, keeping the long‑term structure bearish. - Losing the $430 support exposes price to $300–$200 downside targets. - A confirmed head‑and‑shoulders pattern projects potential targets as low as $80–$100. - Futures open interest is near peak levels, raising liquidation risk and increasing volatility to the downside. - Choppy spot flows indicate repositioning, not accumulation. High OI + weak spot demand = vulnerability to long liquidations. These are extremely bearish long‑term signals providing me with evidence that it's worth a shot.good looking daily candles printed for this short idea expecting retest of our entry and continuation downside