ZKC experiences a 120.48% decline over 24 hours during turbulent market adjustments
- ZKC plunged 120.48% in 24 hours on Oct 16, 2025, marking its largest single-day correction. - Despite 129.14% 7-day recovery, the token fell 5864.28% in one month and 8080.03% annually. - Technical indicators show failed support levels and liquidity concerns amid rapid liquidations. - Analysts link the crash to macroeconomic pressures and capital flight from risk assets, though no direct catalyst was identified.
On October 16, 2025, ZKC plummeted by 120.48% in just 24 hours, reaching a value of $0.1806. Over the past week, ZKC surged by 129.14%, but over the last month, it tumbled by 5864.28%, and over the past year, it declined by 8080.03%.
This steep drop highlights a significant short-term correction, as the token lost nearly 120% of its value in a single day. Although there was a partial rebound in the subsequent week, the overall monthly and yearly trends remain strongly negative, pointing to a sustained downturn. The 24-hour plunge stands out as one of the most substantial single-day losses for ZKC recently, suggesting possible issues with its market stability or increased vulnerability to broader economic shifts.
Technical analysis indicates that bearish pressure is likely to persist. The token has repeatedly failed to maintain crucial support zones and has seen several unsuccessful recovery attempts, raising doubts about both liquidity and investor confidence. Market observers have noted frequent rapid sell-offs and a shortage of buying interest, which has fueled the ongoing decline.
The recent price action of ZKC may also be a response to broader economic challenges. Experts believe that ZKC’s trajectory could be shaped by a general move away from riskier assets, especially given the latest global economic signals and market trends. While no clear trigger has been pinpointed, the swift and severe price swings suggest a major change in market sentiment.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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