$ZEC
ZEC drops 21% in a week
Is this a pullback after a surge?
Or has the privacy-coin craze cooled down?
This ZEC roller-coaster
riders probably felt their legs go weak
In the first week or so,
ZEC surged relentlessly,
peaking at nearly $1,699.
But now it has fallen 21% from the high,
with the price back around $1,387.
This is the most classic plot in crypto markets:
When it’s pumping,
privacy track revival—ZEC is awesome.
ZEC is about to take off.
But when it’s dropping,
that’s when you realize:
I think I bought right at the top 😂
Still, this pullback isn’t totally without reason.
One is a cooling of sentiment in the funding.
Earlier, the ETF inflows were getting a lot of attention,
but recently there’s been about $30.25 million in outflows.
Some short-term traders have started taking profits and selling.
The other is that controversy around privacy coins has always existed.
Privacy technology itself is valuable,
but issues like regulation, compliance,
and capital security
are topics the market can’t avoid either.
Right now, it doesn’t mean the trend has fully reversed.
We can only say it’s a relative reversal.
Because it’s starting to fall.
If it breaks below 1,041,
then we can call it an absolute reversal.
As for ZEC’s current chart,
after the final quick surge,
it formed an ascending channel.
In general, that kind of setup
is usually bearish.
I wanted to act,
but tonight there’s a big event:
Non-Farm Payrolls data will be released.
I expect it’ll whip the market back and forth.
So,
let’s wait and see.
#zcash较9月峰值回落21%
ZEC drops 21% in a week
Is this a pullback after a surge?
Or has the privacy-coin craze cooled down?
This ZEC roller-coaster
riders probably felt their legs go weak
In the first week or so,
ZEC surged relentlessly,
peaking at nearly $1,699.
But now it has fallen 21% from the high,
with the price back around $1,387.
This is the most classic plot in crypto markets:
When it’s pumping,
privacy track revival—ZEC is awesome.
ZEC is about to take off.
But when it’s dropping,
that’s when you realize:
I think I bought right at the top 😂
Still, this pullback isn’t totally without reason.
One is a cooling of sentiment in the funding.
Earlier, the ETF inflows were getting a lot of attention,
but recently there’s been about $30.25 million in outflows.
Some short-term traders have started taking profits and selling.
The other is that controversy around privacy coins has always existed.
Privacy technology itself is valuable,
but issues like regulation, compliance,
and capital security
are topics the market can’t avoid either.
Right now, it doesn’t mean the trend has fully reversed.
We can only say it’s a relative reversal.
Because it’s starting to fall.
If it breaks below 1,041,
then we can call it an absolute reversal.
As for ZEC’s current chart,
after the final quick surge,
it formed an ascending channel.
In general, that kind of setup
is usually bearish.
I wanted to act,
but tonight there’s a big event:
Non-Farm Payrolls data will be released.
I expect it’ll whip the market back and forth.
So,
let’s wait and see.
#zcash较9月峰值回落21%
