$ZEC This explosive pump directly pushed it to 1050. On the surface, it looked lively, but in essence it was a typical speculative theme rally combined with concentrated capital-driven price support, with nothing to do with fundamentals.
Many on-chain holdings didn’t even have time to rotate, and it was simply major funds forcefully pushing the price up at relatively low cost in a market with shallow liquidity.
The most dangerous part of this kind of price action is that the token structure is extremely fragile. Once large holders decide to begin distributing liquidity in stages at high levels, the order book, lacking genuine buying support at the bottom, can be broken through instantly.
Looking back at $ZEC ’s past token distribution history, when the dump came, it never gave retail traders time to hesitate. There was once a brutal scene where it cascaded all the way down from 750 to 150 without any dumping turnover, wiping out 50% of floating profit in a single day.
Structurally, the upper range from 1080 to 1120 is a dense overhead supply zone where bullish holdings were previously exhausted, while the short-term downside test buffer lies in the 980 to 1000 area.
What truly determines whether this liquidity premium can continue is the key dense accumulation zone around 920.
If the price loses 920, it means profit-taking and trapped positions from the entire rally will trigger a stampede of selling, and this fund-driven impulse move will be completely over.
#zec续刷历史新高