Recently, the price trend of ZEC resembles a play with no buyers. Watching it slide from a high point down to 378.90, a drop of over 5%, those who still expect it to rebound might need to wake up.
Technical charts do not lie. MA7 and MA25 are hanging high above 410, while the price lies alone underground—a typical bearish arrangement. The MACD is struggling below the zero axis, with both DIF and DEA negative, like a car out of gas, sliding downwards due to inertia. The trading volume also appears weak; the so-called 'increased volume rally' is nowhere to be seen, but 'decreased volume decline' is quite solid.
Some say that ZEC has good news: it's going to be listed for dual currency investment on a major platform, and a lending feature is set to be launched, with privacy technology being discussed again. But in front of the relentless K-line decline, these stories are like watering withered flowers—the roots are already rotten, and no matter how good the surface work is, it can't stop the outcome.
The trader of this coin never plays by the rules. You think it is at the bottom, and then it suddenly comes back with a big bearish candle; you think the news is here and it should rise, but it takes the opportunity to sell off. It has risen 772% in the past 90 days? That looks more like steps built up for a better decline. Now that the steps have been removed, falling down is where it truly belongs.
Market sentiment has long been divided. Some are shouting 'buy the dip' and 'looking at 1000', while others are quietly cashing out and turning away. Ultimately, ZEC is like a mist that disperses with the wind: privacy is its disguise, volatility is its nature, and its destination may have already been written on every declining EMA line.
If you can't play this coin well, it's better to take a break. The market is never short of opportunities; what it lacks is clarity. Sometimes, doing nothing is more important than doing something chaotically. After all, when the tide goes out, you can see who is swimming naked—and ZEC's tide has already begun to recede.$ZEC
