From the 2018 high near $881 to the 2020 low near $25, ZEC's daily closes fell roughly 97 percent. The 2021 cycle high near $319 gave way to a 2023-2024 base in the teens, another 94 percent drawdown.
Those episodes live in the blue and purple bands of the rainbow, which is exactly what the bottom bands are for: marking where maximum pessimism has historically traded.