The selling/buying power was given the signal first—there are 180,000 lots of volume. Just looking at the order book, you can tell someone is playing with your heartbeat. It was slammed from 1460 down to 1356 and then pulled back to 1409—classic up-and-down sweeping. On-chain, I didn’t see any whale-sized sudden move, but the community sentiment is clearly getting more agitated. A few big Vs have started flipping the privacy narrative of $ZEC , saying that with this round of RWA and tighter compliance monitoring, privacy coins actually have a story to tell. Honestly, that logic isn’t without reason—but don’t treat the narrative as fuel. Volume hasn’t exploded, and fees aren’t at extreme levels. In plain terms, it’s funds testing the market—not a major upswing.

If the 1356 level can’t be held, there’s room below; if it can be held, then you have the right to talk about a breakout. I went through the 2021 privacy-coin cycle—when it came, it was truly fierce, and when it left, it was just as fast.

$ZEC #行情分析 #On-chain data