Horizen ZEN
ZEN cycle analysis · chart, confirmed lows and fundamentals
Amber List Recovering Phoenix · monthly · score 55 mixed
75.4% below its 365-day high of $25.00 (2025-11-04), +64.9% off the 365-day low. Snapshot 2026-10-21 UTC.
On the Amber List.
75% below its rolling 365-day high, 351 days after the high.
Recovering: a monthly swing low has confirmed. The badge coexists with the tier; it is not a completed recovery.
Phoenix monthly: stopped falling by the rules, +64.9% above the Jul 2026 trough. Details below.
Since the previous scan.
Tier, recovering badge and Phoenix state are unchanged between these two observations.
Comparing 2026-10-20 with 2026-10-21 UTC. Classification, not price returns.
Recorded timeline →Where it sits in each cycle
a swing low confirms only when a later bar takes out the low bar's highMonthly
- Last bars
- 2Dr 2Dr 2Ug 2Ug 1r
- Confirmed low
- $3.73 · 2026-07-31
- Position
- 3 of median 4.5 (max 10)
- Current low
- $3.73 · confirmed
- Cycle-low confidence
- 43% · in band
- Confirmed lows
- 13
Weekly
- Last bars
- 1r 2Dr 2Dr 2Dr 1g
- Confirmed low
- $3.80 · 2026-08-23
- Position
- 9 of median 4.0 (max 13)
- Current low
- $5.60 · unconfirmed
- Confirms above
- $6.74
- Cycle-low confidence
- 85% · in band
- Confirmed lows
- 55
Daily
- Last bars
- 2Dr 2Dr 2Ug 2Ug 2Ug
- Confirmed low
- $5.60 · 2026-10-18 (daily)
- Position
- 3 of median 5.0 (max 26)
- Current low
- $5.60 · confirmed
- Cycle-low confidence
- 16%
- Confirmed lows
- 335
The full read, in sentences
- Monthly: forming bar is a red inside bar. Last confirmed swing low 3.73 (Jul 2026), month 3 of a cycle that has typically run 4.5. Cycle-low confidence 43%.
- Weekly: forming bar is a green inside bar. Last confirmed swing low 3.80 (Aug 2026), week 9 of a cycle that has typically run 4. Current low 5.60 is unconfirmed — it confirms above 6.74. Cycle-low confidence 85%.
- Daily: bar is a green 2-Up. Last confirmed swing low 5.60 (2026-10-18), day 3 of a cycle that has typically run 5. Cycle-low confidence 16%.
- Amber List: 75% below the 2025-11-04 high; +65% off the 365-day low.
- Phoenix: 92% decline over 19 months, monthly swing low confirmed (next-bar), now +65% above the trough; first weekly pullback after the low confirmed 2026-09-06 (trigger 6.07).
- Gauges: Mayer multiple 1.12 (neutral); -34% vs the 200-week average; -95% from the all-time high.
Has Horizen bottomed?
A confirmed swing low is evidence of a price pattern, not proof of a final market bottom. Here is what the ZEN snapshot records on 2026-10-21 UTC:
Monthly: the last confirmed swing low is $3.73 from 2026-07-31. The current candidate is marked confirmed. The latest monthly bar is still forming.
Weekly: the last confirmed swing low is $3.80 from 2026-08-23. A newer candidate at $5.60 is unconfirmed; its confirmation level is above $6.74, provided the candidate low is not undercut first. The latest weekly bar is still forming.
Daily: the last confirmed swing low is $5.60 from 2026-10-18. The current candidate is marked confirmed.
How bottom confirmation works. Cycle-low confidence is a heuristic score, not a calibrated probability of a profitable trade.
How far is Horizen below its high?
The Coinbase price snapshot is 75.4% below its rolling 365-day high of $25.00 from 2025-11-04. Separately, CoinGecko reports -96.3% relative to its all-time high of $165.92 in the fundamentals snapshot pulled 2026-10-21.
Different sources and observation times can produce different drawdowns. Compare crypto drawdowns and reference highs.
The recorded history
scan observations, not exact transition timesFirst observed 2026-09-19. 33 observations; absence from a captured scan is unmatched, never recovery.
- Watch; recovering · Phoenix monthly → Amber List; recovering · Phoenix monthly
- First observed: Watch; recovering · Phoenix monthly
Phoenix
stopped falling, by the rules- Peak
- $49.80 · Dec 2024
- Trough
- $3.73 · Jul 2026
- Decline
- -92.5% over 19 months
- Above trough
- +64.9%
- Monthly
- confirmed (next-bar) · trigger $4.53
- Weekly
- confirmed (next-bar)
- False bottom
- none
- Entry
- pullback #1 low $3.80 confirmed 2026-09-06 · trigger $6.07
| decline | 30 |
| confirmation | 25 |
| earliness | 0 |
| stale | 0 |
| false bottom | 0 |
| bluechip | 0 |
Fundamentals
| Liquidity (24h volume / market cap) can you get out | 4.38 % | 12.9 / 15 |
| Supply overhang (FDV / market cap) unlocked supply waiting to sell | 1.14 x | 13.9 / 15 |
| Size (market-cap rank) survivorship | 251 # | 3 / 15 |
| Age on Coinbase survived a cycle | 5.1 yrs | 10.0 / 10 |
| usage | could not look — no source data | |
| tvl | could not look — no source data | |
| momentum | could not look — no source data | |
4 of 7 measurable; score renormalized over what was measurable.
- Market cap
- $127.7M
- Fully diluted
- $145.6M
- 24h volume
- $5.6M
- Circulating
- 18,406,456 of 21,000,000 max
- All-time high
- $165.92 · 2021-05-07 (-96.3%)
- TVL
- $0 (chain)
- Fees 30d
- —
- Revenue 30d
- —
- Fees 1y
- —
- Mayer multiple
- 1.118 · neutral
- vs 200-week avg
- -33.8%
- Pi cycle
- 0.403
- On Coinbase since
- 2021-09-16 (1851 bars)
- CoinGecko id
- zencash
Continue your cycle research
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