$ZEC This pullback from 1699 has been around 20%, bringing the current price to 1367. After a 15-fold rise, a 20% pullback honestly isn’t a big deal in crypto.
The moving averages on the chart are still in a bullish alignment, with the 50-day EMA firmly above the 200-day EMA. The RSI has retreated from the overbought zone into neutral-to-weak territory. The market could use a cool-down in the short term, but the medium-term trend structure remains intact. The daily MACD histogram has turned green, signaling short-term weakness, but the Bollinger Bands are narrowing, with the range over the last 30 candles compressed to under 5%. This kind of low-volatility compression often precedes a major move. Keep a close eye on the key support zone between 1280 and 1330, where the long-term moving averages converge. As long as the daily close stays above 1233, the uptrend remains intact.
The underlying drivers of this rally aren’t just speculation. The NU7 upgrade has been activated on the testnet, cutting block times from 75 seconds to 25 seconds—a 3x speedup—while reducing issuance per block to one-third, leaving actual daily supply growth unchanged. The community vote received 99.9% support, with 98.9% backing a Bitcoin-style halving, and the hard cap of 21 million coins is firmly in place. The shielded pool holds about 30% of the supply, so the actual circulating supply is considerably smaller than it may appear.
There have also been major regulatory developments. In January this year, the SEC officially closed its more-than-two-year investigation into the Zcash Foundation without filing any charges. After Grayscale’s ZCSH spot ETF was approved, it attracted net inflows of more than $300 million at one point. Although ETFs have seen $93 million in net outflows over the past week, that’s short-term profit-taking, not a signal of a trend reversal.
The broader market is providing a tailwind. Bitcoin is holding firmly above $85,000, up more than 40% in the third quarter, and Citi has raised its 12-month price target to $113,000. Core PCE came in below expectations, easing rate-hike pressure, while the floor under risk assets remains intact.
My take on trading: chasing the price at current levels doesn’t offer great risk-reward, but sitting on the sidelines with no position isn’t wise either. The 1280–1300 support zone is worth scaling into, with a stop-loss below 1233. If the price stabilizes around 1300 on rising volume, the first target is the 1500–1600 zone. Altcoin inflows to exchanges over the past seven days have hit their highest level since last October, so short-term profit-taking pressure is real. Don’t go all in—keep some powder dry in case of a wick. $ZEC #ZEC.每日智能策略
The moving averages on the chart are still in a bullish alignment, with the 50-day EMA firmly above the 200-day EMA. The RSI has retreated from the overbought zone into neutral-to-weak territory. The market could use a cool-down in the short term, but the medium-term trend structure remains intact. The daily MACD histogram has turned green, signaling short-term weakness, but the Bollinger Bands are narrowing, with the range over the last 30 candles compressed to under 5%. This kind of low-volatility compression often precedes a major move. Keep a close eye on the key support zone between 1280 and 1330, where the long-term moving averages converge. As long as the daily close stays above 1233, the uptrend remains intact.
The underlying drivers of this rally aren’t just speculation. The NU7 upgrade has been activated on the testnet, cutting block times from 75 seconds to 25 seconds—a 3x speedup—while reducing issuance per block to one-third, leaving actual daily supply growth unchanged. The community vote received 99.9% support, with 98.9% backing a Bitcoin-style halving, and the hard cap of 21 million coins is firmly in place. The shielded pool holds about 30% of the supply, so the actual circulating supply is considerably smaller than it may appear.
There have also been major regulatory developments. In January this year, the SEC officially closed its more-than-two-year investigation into the Zcash Foundation without filing any charges. After Grayscale’s ZCSH spot ETF was approved, it attracted net inflows of more than $300 million at one point. Although ETFs have seen $93 million in net outflows over the past week, that’s short-term profit-taking, not a signal of a trend reversal.
The broader market is providing a tailwind. Bitcoin is holding firmly above $85,000, up more than 40% in the third quarter, and Citi has raised its 12-month price target to $113,000. Core PCE came in below expectations, easing rate-hike pressure, while the floor under risk assets remains intact.
My take on trading: chasing the price at current levels doesn’t offer great risk-reward, but sitting on the sidelines with no position isn’t wise either. The 1280–1300 support zone is worth scaling into, with a stop-loss below 1233. If the price stabilizes around 1300 on rising volume, the first target is the 1500–1600 zone. Altcoin inflows to exchanges over the past seven days have hit their highest level since last October, so short-term profit-taking pressure is real. Don’t go all in—keep some powder dry in case of a wick. $ZEC #ZEC.每日智能策略
