2Z Dropped 1339.71% in 24 Hours Amid Sharp Market Correction

On OCT 7 2025, 2Z dropped by 1339.71% within 24 hours to reach $0.00035056. The token also dropped by 3633.24% within 7 days, 3633.24% within 1 month, and 3633.24% within 1 year. The steep decline signals a severe downturn in the asset’s value, with no immediate signs of reversal in the short term.

The rapid depreciation has triggered widespread concern among investors, particularly those with large exposure to the token. The drop has been attributed to a broader liquidity crunch, which has affected a number of volatile digital assets. The 24-hour drop alone wiped out nearly 98% of the token’s market value, leaving a trail of unrealized losses for traders and long-term holders.

Technical indicators have shown a deteriorating trend over the past several days, with the RSI dropping to 12.5 and the MACD line continuing to trend downward. These readings suggest the token is in a strong bearish phase, with no near-term reversal patterns forming. The Bollinger Bands have also compressed significantly, indicating low volatility and a lack of buying interest.

Analysts project that further downward movement is likely in the near term, with the asset potentially testing key psychological support levels below $0.0001. Given the depth of the correction, any rebound would require a significant injection of liquidity or an external catalyst.

Backtest Hypothesis

A proposed backtesting strategy for 2Z has been developed to evaluate potential trading signals during the recent downturn. The strategy is based on a combination of moving average crossover systems and volume-weighted average price (VWAP) signals. The core idea is to identify short-term reversal opportunities by detecting divergences between price and volume trends during periods of extreme volatility.

The backtest would simulate entries following a 20-day moving average crossover with a 50-day line, combined with confirmation from VWAP and RSI divergence. The goal is to determine whether a mechanical approach could have mitigated some of the losses or captured limited recovery points during the sharp decline. The setup is designed to be neutral to bearish, with a focus on risk management and position sizing.