One thing I’ve noticed after looking back at every major $ZEC rally:
In 2017, as ZEC surged from around $20 to nearly $900, the sentiment was almost identical to what we’re seeing today. Twitter, forums, and influencers became overwhelmingly bullish, with price targets of $2,000, $5,000, and even higher. The dominant belief was that the rally had only just begun.
The same pattern repeated in later cycles: as price rallied, bullish narratives grew stronger, higher targets became more common, and most people expected the uptrend to continue.
After each major rally, ZEC eventually crashed around 95% from its cycle high.
Today, we’re seeing the same behavior again. Extreme bullish targets are everywhere, just as they were during previous ZEC rallies. History doesn’t have to repeat exactly, but it’s worth remembering how sentiment looked before previous major declines.
In 2017, as ZEC surged from around $20 to nearly $900, the sentiment was almost identical to what we’re seeing today. Twitter, forums, and influencers became overwhelmingly bullish, with price targets of $2,000, $5,000, and even higher. The dominant belief was that the rally had only just begun.
The same pattern repeated in later cycles: as price rallied, bullish narratives grew stronger, higher targets became more common, and most people expected the uptrend to continue.
After each major rally, ZEC eventually crashed around 95% from its cycle high.
Today, we’re seeing the same behavior again. Extreme bullish targets are everywhere, just as they were during previous ZEC rallies. History doesn’t have to repeat exactly, but it’s worth remembering how sentiment looked before previous major declines.