ZKC -12.93% 24H Drop Amid Extended Downward Trend

ZKC has experienced a sharp decline in price over the last 24 hours, falling by 12.93% to $0.7704 as of SEP 18 2025. This drop continues a broader downtrend that has seen the asset decline by 1778.42% over both a 7-day and 1-month timeframe. The extended bearish performance highlights a significant shift in market dynamics, with no immediate signs of stabilization or reversal.

The recent sell-off aligns with broader technical indicators that have signaled a weakening in the asset’s price momentum. Traders have noted a breakdown in key support levels, which has accelerated the downward pressure. The absence of any meaningful buying interest or bullish catalysts has left the market vulnerable to further declines. Analysts project continued volatility as market participants reassess risk exposure.

The prolonged decline in ZKC has been attributed to a combination of reduced liquidity and bearish sentiment in the broader market. With key on-chain metrics reflecting a significant outflow of capital from ZKC positions, the bearish trend appears structural rather than cyclical. Market observers are closely watching for any sign of stabilization, particularly around key psychological price levels.

The bearish bias is also reflected in the asset’s long-term performance, with the 1-year drop of 1778.42% marking one of the most severe declines in the digital asset space over this period. The lack of a discernible floor in the price action has raised concerns about further deterioration in asset quality and investor confidence.

Backtest Hypothesis

In response to the ongoing sell-off, traders are now exploring strategies that leverage the current bearish environment. A recent backtesting strategy has emerged that focuses on short positions and trailing stops aligned with the asset’s moving averages. This approach is designed to capture momentum in the downward direction while minimizing exposure to sudden reversals or volatility spikes. The hypothesis underpinning the strategy is that ZKC will continue to test new lows in the near term, allowing for controlled risk and defined profit targets.