ZKC saw a decrease of 1012.53% within 24 hours during a significant market downturn

On September 17, 2025, ZKC underwent a significant price collapse, tumbling by 1012.53% within 24 hours and settling at $0.7268. This severe downturn is part of a broader decline that has continued over the past week, month, and year, with matching losses of 2291.4% over each period. Such a steep drop has caused alarm among both investors and market experts, prompting a closer look at the underlying causes and the overall market environment that led to such a sharp fall.

The recent plunge has been linked to a mix of negative shifts in investor sentiment and wider macroeconomic challenges impacting the crypto sector. ZKC had previously been subject to wild swings due to speculative trades and its involvement with cross-chain platforms, but the current trend points to waning confidence. The token's trajectory mirrors the wider market, where prolonged bullishness has been followed by quick and deep corrections for several digital assets.

From a technical standpoint, indicators are showing strong bearish signals, with critical support levels breached and ongoing patterns hinting at further losses. Market analysts anticipate continued downward momentum for ZKC unless there is a notable uptick in demand or a stabilization in general market conditions. There is currently no agreement on when ZKC might find a bottom, but current technical analysis suggests the decline may persist in the absence of a significant positive catalyst.

Backtest Hypothesis

An outlined backtesting method seeks to measure ZKC’s performance under specific technical scenarios. The strategy involves taking a long position if the price moves above the 50-period moving average, and going short if it drops below the 200-period moving average. Stop-loss and take-profit points are determined based on daily volatility. This method aims to capture price momentum and is applicable in both trending and sideways markets.

The hypothesis proposes that this trading plan might have provided early signals for entries or exits during ZKC’s recent plunge. By reviewing past price movements using these rules, it may be possible to determine whether such a system could have helped control risk or improve returns during the ongoing correction. Additional analysis is necessary to confirm if this approach works well in live trading conditions.