2Z -279.06% in 24 hours due to price crash

On OCT 15 2025, 2Z dropped by 92.17% within 24 hours to reach $0.00023003, marking one of the most abrupt declines in its price history. Over the past week, the asset rebounded with a 64.32% gain, yet over a month and a year, it recorded staggering declines of 5822.27%. These sharp movements highlight the heightened volatility and uncertainty surrounding the token in recent months.

The asset’s performance is driven by a mix of market sentiment and structural challenges, with its price reflecting a broader struggle to maintain consistent value. Analysts project continued scrutiny as market participants weigh long-term viability against short-term fluctuations. The recent 24-hour drop appears to have triggered broader selling pressure, though the weekly rebound suggests some speculative interest remains active.

Technical indicators used in recent assessments include daily closing price movements and volume patterns. These tools have been instrumental in identifying trends and potential reversal points. Notably, periods of significant price surges have historically been followed by corrections, suggesting a cyclical behavior that traders and analysts are closely monitoring.

Backtest Hypothesis

To evaluate the impact of significant daily price surges on 2Z, a backtesting strategy is being implemented. The approach involves pulling daily close-to-close percentage-change data for 2Z from January 1, 2022, to the present. Each trading day with a gain of 5% or more is marked as an event date. Following these events, the strategy will analyze how the price behaves, including metrics such as average return paths, optimal holding windows, win-rate, and drawdown. The results will be visualized in an interactive event-backtest dashboard.

This hypothesis seeks to uncover whether surges of 5% or more are typically followed by predictable price patterns, which could offer insights for traders and investors. By examining the historical performance post-surge, the backtest aims to determine whether these events are reliable signals for future price movement or simply instances of market noise.