Zcash (ZEC) is replicating the same parabolic structure BNB (BNB) printed before its major breakdown, according to charts shared by trader NebraskanGooner.
BNB formed a steep, unsustainable parabolic curve, broke below the curve with force, bounced into resistance, and then resumed its downtrend.
Likewise, on ZEC’s daily chart, price rode a clean parabolic base through October and early November. Once that base snapped, ZEC printed a high-volume breakdown candle, losing its trend in a single move.
The key similarity is the reversion pump, a bounce back toward short-term moving averages that does not reclaim the broken parabola.
This is standard behavior for exhausted parabolic trends. Once the curve breaks, the path of least resistance becomes a full retrace toward the prior consolidation area because parabolic moves leave behind minimal structural support.
For ZEC, this means that the closest meaningful demand zone is situated far below the current price. NebraskanGooner anticipated the token to decline by 60% from its current price levels, as is typically the case with parabolic curve breakdowns.
That brings ZEC’s max-pain downside target to around $220.
Liquidation data shows a major active short-liquidation cluster near $726, currently holding around $15.91 million in leveraged short positions. This is now the largest live short-liquidation pocket on ZEC’s three-month heatmap.
Clusters of this size often act as magnets during countertrend rallies, but only when momentum is supportive.
In ZEC’s case, the structure seems already broken: the parabola has snapped, EMAs have flipped bearish, and momentum continues to decline. That reduces the probability of a clean liquidity sweep toward $726 in the near term.
There now exist relatively minor long liquidation clusters in the $275-300 range. Breaking below these levels could trigger forced selling—a long squeeze event—that could test the price at $200 as the year-end target.
Yashu Gola is a crypto journalist and analyst with expertise in digital assets, blockchain, and macroeconomics. He provides in-depth market analysis, technical chart patterns, and insights on global economic impacts. His work bridges traditional finance and crypto, offering actionable advice and educational content. Passionate about blockchain's role in finance, he studies behavioral finance to predict memecoin trends.