ZKC -1915.71% in 1 Year Amid Major Technical Indicators Shifts

ZKC, a digital asset that once commanded higher trading volumes and market attention, has experienced a dramatic price drop on SEP 16 2025, plummeting by 574.51% within a 24-hour period to trade at $0.7575. This single-day decline marks the most severe movement in recent cycles, compounding a broader downward trend that has persisted for both the past week and the previous month, with identical drops of 1915.71%. Over the full year, ZKC has seen a total decline of the same percentage, indicating a deeply bearish trajectory and a loss of confidence among investors.

The recent volatility aligns with the emergence of key technical indicators suggesting a prolonged bearish phase. ZKC has consistently traded below its 20-day and 50-day moving averages, reinforcing a structural downtrend. Additionally, the Relative Strength Index (RSI) has remained in oversold territory for the past several weeks, failing to trigger a rebound despite previous historical patterns suggesting such conditions could precede a reversal. This prolonged oversold state has not translated into short-term recovery, signaling a shift in market sentiment toward long-term bearishness.

Further analysis of on-chain metrics reveals a sharp reduction in active addresses and transaction volumes, consistent with the declining price action. These metrics indicate a withdrawal of both retail and institutional participation, potentially signaling a broader loss of utility and adoption for the asset. The reduced on-chain activity contrasts with the typical behavior of assets during bear markets, where dips are often accompanied by increased buying at lower levels.

The technical landscape for ZKC appears to be dominated by bearish formations, including a confirmed breakdown of key support levels and a failure to retest or exceed critical psychological price points. Analysts project that without a significant external catalyst—such as a strategic partnership, technological upgrade, or macroeconomic shift—the current trajectory may persist for several months. Given the historical behavior of similar assets under these conditions, many observers suggest ZKC could remain in a consolidation phase or continue to trend lower unless structural factors change.

Backtest Hypothesis

A hypothetical backtesting strategy has been proposed to evaluate the feasibility of a trend-following approach based on ZKC’s recent technical behavior. The strategy is designed to enter short positions when ZKC closes below the 20-day moving average while RSI remains below 30, indicating a strong bearish bias. The exit condition is set at a stop-loss when ZKC crosses back above the 50-day moving average or when RSI exceeds 50, suggesting a potential reversal. The strategy does not include any buy signals due to the current bearish setup, and all parameters are based on historical price patterns observed in ZKC’s chart.