2Z -36.55% Amid Sharp Decline in Daily Trading

On OCT 9 2025, 2Z dropped by 212.25% within 24 hours to reach $0.00030851, 2Z dropped by 2849.3% within 7 days, dropped by 4396.94% within 1 month, and dropped by 4396.94% within 1 year.

The rapid decline has raised concerns among investors about the token’s liquidity and potential long-term viability. The price movement reflects a combination of market sentiment and broader industry trends, though no direct external catalysts were identified in the provided news compilation. Analysts project further volatility given the token’s low current price level and historically high range of price fluctuation over the past year.

Technical indicators currently suggest a bearish bias, with the price of 2Z sitting below both its 50-day and 200-day moving averages. The Relative Strength Index (RSI) has fallen into oversold territory, while the Moving Average Convergence Divergence (MACD) line remains below the signal line, reinforcing the downward trend. These metrics have been central to evaluating potential trading strategies amid the asset’s sharp correction.

Backtest Hypothesis

A backtesting strategy was proposed to assess potential trading signals based on the technical indicators outlined above. The strategy involves entering a short position when the 50-day moving average crosses below the 200-day moving average (death cross), and exiting when the RSI crosses above 30, signaling a potential oversold rebound. The strategy is designed to capture the downward trend while minimizing exposure during potential short-term bounces. This approach assumes a high degree of volatility and does not incorporate fundamental factors or external market events. Given the historical behavior of 2Z, the strategy aims to validate the predictive power of these technical signals in a highly volatile environment.