$ZEC and $PUMP Bear Case Gaining Momentum
Multiple traders are converging on bearish setups for $ZEC and $PUMP, with a Swiss-Alps-based short-only fund reportedly publishing a bearish report on both, and technical analysis aligning with the thesis.
What we know
An account on X intensified his $PUMP short with a lowered downside target, calling the chart one of the worst he's ever seen and arguing investors have realized it's a scam and are offloading. He also revealed a TradFi short-only fund based in the Swiss Alps has issued a report recommending shorting both $ZEC and $PUMP — a fund that 'rarely does much crypto outside of bitcoin' (another account on X). On the technical side, both several accounts on X independently outlined bearish $ZEC setups — the 'mean area' lower high pattern and price capped below key bands respectively.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.