ZCode reveals a serious security vulnerability—can $ZEC still handle the pressure and is it still worth getting on board?
Brothers, I just saw a major piece of news: after ZCode was open-sourced, developers found a serious security issue. The default encryption key can be calculated directly based on the operating system, username, and user directory! Once local credential files are leaked, accounts could be compromised and misused.
What does this mean for ZEC?
While this isn’t a vulnerability that directly enables remote coin theft, the official documentation and the open-source code disagree. In the short term, it may trigger market concerns about the security of the privacy sector. Looking at the chart, after ZEC fell from the 1595 high, it’s currently down near 1498. RSI has dropped to 32, MACD is weakening, and short-term momentum is clearly lacking.
Negative news + a technical pullback mean there’s still risk of further downside in the short term. The key support below is around 1450–1460. If it can hold here, it remains a chance to buy on the pullback; if it breaks, it could test even lower levels.
If you’re holding long positions, set your break-even/lock-in stop and make sure your stop loss is well placed. Watch whether the 1460 support can hold.
If you want to open longs, don’t rush—wait for this wave of bearish sentiment to be digested, and only consider entering with light size after the market stabilizes in the 1450–1460 range.
If you want to short: if there’s a rebound and it hits resistance around 1550, you can take a light short position to bet on a short-term drop.
Although the bigger picture is still bullish, with the short-term negative news stacked on top of the pullback, let’s steady ourselves first and wait for stabilization signals before acting!
#日本央行加息至31年高位
Brothers, I just saw a major piece of news: after ZCode was open-sourced, developers found a serious security issue. The default encryption key can be calculated directly based on the operating system, username, and user directory! Once local credential files are leaked, accounts could be compromised and misused.
What does this mean for ZEC?
While this isn’t a vulnerability that directly enables remote coin theft, the official documentation and the open-source code disagree. In the short term, it may trigger market concerns about the security of the privacy sector. Looking at the chart, after ZEC fell from the 1595 high, it’s currently down near 1498. RSI has dropped to 32, MACD is weakening, and short-term momentum is clearly lacking.
Negative news + a technical pullback mean there’s still risk of further downside in the short term. The key support below is around 1450–1460. If it can hold here, it remains a chance to buy on the pullback; if it breaks, it could test even lower levels.
If you’re holding long positions, set your break-even/lock-in stop and make sure your stop loss is well placed. Watch whether the 1460 support can hold.
If you want to open longs, don’t rush—wait for this wave of bearish sentiment to be digested, and only consider entering with light size after the market stabilizes in the 1450–1460 range.
If you want to short: if there’s a rebound and it hits resistance around 1550, you can take a light short position to bet on a short-term drop.
Although the bigger picture is still bullish, with the short-term negative news stacked on top of the pullback, let’s steady ourselves first and wait for stabilization signals before acting!
#日本央行加息至31年高位
