Date: Sat, Nov 22, 2025 | 07:10 AM GMT
The cryptocurrency market continues to face heavy selling pressure as both Bitcoin (BTC) and Ethereum (ETH) plunged over 1.5% in the past 24 hours. The correction triggered more than $1.69 billion in liquidations across the market, with long positions taking the biggest hit — over $1.45 billion wiped out during the same period.
The high volatility has impacted major altcoins, including the privacy token Zcash (ZEC), which has dropped more than 23% following a key structure breakdown, hinting at additional downside ahead.
Ascending Triangle Breakdown
On the 4-hour chart, ZEC had been consolidating within an ascending triangle — a formation that typically supports bullish continuation when price breaks upward. However, when buyers fail to maintain momentum, these patterns can break to the downside with significant force.
After multiple failed attempts to break above the neckline resistance at around $716, ZEC lost strength and broke below the ascending trendline and the 50-period moving average near $633. This breakdown resulted in strong selling pressure, dragging the price sharply lower to the current zone around $503.
The move represents a clear structural shift, indicating that bullish momentum has weakened and sellers have taken control.
What’s Next for ZEC?
The key question now is whether ZEC will attempt a retest of the broken support trendline, which has now turned into resistance. If the price fails to reclaim this level, the bearish trajectory may continue and push ZEC toward the next major target around $366 — the measured breakdown projection from the triangle, which still sits roughly 28% below current levels.
On the other hand, if bulls regain control and push the price back above the 50 MA, a temporary relief bounce could emerge. However, unless ZEC reclaims the triangle structure convincingly, any recovery may risk becoming a fakeout rather than a real reversal.
For the moment, market sentiment and technical structure both lean bearish, suggesting caution is warranted.
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