ZKC experiences a steep drop of 2158.49% within 24 hours during significant market correction

On September 22, 2025, ZKC experienced a sharp decline of 2158.49% within a single day, falling to $0.6681. Over the past week, its value decreased by 1339.37%, dropped 2870.37% over the last month, and saw the same percentage drop over the past year.

This substantial drop signals a prolonged loss of confidence among investors and a broader reevaluation of the asset’s fundamental value. Throughout the previous week, ZKC has consistently underperformed on all tracked periods, suggesting a change in market sentiment or expectations about its underlying worth. Experts anticipate continued uncertainty in the near future, considering both the scale of the fall and the current absence of factors that could drive a quick recovery.

Technical signals indicate that the bearish momentum is intensifying. The gap between the 50-day and 200-day moving averages has widened considerably, with the 50-day average positioned well below the 200-day, confirming a strong long-term downward trend. The Relative Strength Index (RSI) is now in oversold territory, which could either point to an eventual short-term bounce or further consolidation at lower levels. The Moving Average Convergence Divergence (MACD) remains negative, and the histogram shows no sign of narrowing, further illustrating that the selling pressure persists.

The asset’s recent performance has sparked concern among analysts. Although there has been no formal response from the project team or stakeholders, the swift and steep drop suggests that wider economic or sector-specific forces may be at play. The absence of significant movements in related assets implies the decline may reflect a deeper, structural change rather than a simple market correction.

Backtest Hypothesis

One possible backtesting approach is to seek entry after a 50% retracement from the current price, based on the assumption that the oversold RSI could eventually prompt a short-lived recovery. This method proposes selling if a 15% gain is reached, or exiting if the price dips below $0.50. Implementing stop-loss and take-profit thresholds helps control risk and take advantage of short-term price swings. The 200-day moving average is suggested as a dynamic support to assess the strength of any recovery. While this idea remains speculative, it is based on existing technical conditions and is designed to fit the prevailing downward market trend.