Most probably… Many traders who bought on top are on loss straight away and will have to immediately close their positions, giving a fuel for another downswing. The daily candle itself is a shooting star, which has a very negative meaning, especially that the top of the candle (head) touches a super important resistance on the 42 USD (black). In addition to this, that candle bounces from the mid-term down trendline (green).
All that together allows us to be very bearish towards the Zcoin. The potential target is around 6 USD and I bet that is a catastrophic news for most of the owners of the XZC.