The technical breakdown is just the tip of the iceberg—ZIP’s fundamentals paint an equally bearish picture. The company’s reliance on high-growth narratives has been shaky, with increasing competition in the BNPL space and a lack of clear profitability metrics.
The US market, which ZIP has heavily invested in, remains a challenging battleground, with rising delinquencies and tightening credit conditions adding to the strain. Additionally, their cash burn rate continues to raise questions about sustainability, especially in the face of rising interest rates, which put further pressure on margins.
As the price nears $2.31, it’s not just technical selling but fundamental cracks driving the downside. The market is catching on, and without significant improvements in operational performance or a shift in macro conditions, ZIP is positioned for more pain ahead. It’s not a dip worth buying—this looks more like a trap.
ZIP Price at posting:
$2.90 Sentiment: Sell Disclosure: Not Held
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