Today, as soon as I opened the market software, I estimated that many people noticed the increase of ZEC—rising over 12% in a single day, with the price once approaching 400 USDT, and the trading volume suddenly increased, looking quite impressive. Some analyses in the market are also saying that there is capital inflow, positive technical indicators, and even rumors of an ETF, as if it's ready to take off.
But when I calm down and think about it, doesn't this scene seem a bit familiar? A previously quiet coin suddenly pulls out a large bullish candle, accompanied by high trading volume, and various news starts to blow up... This plot is actually not new in the crypto world.
In simple terms, this is likely a typical 'pump and dump'. The operators have accumulated a lot of chips and have not found the right time to act. Taking advantage of a slight market recovery or creating some good news themselves, they quickly drive the price up to attract retail investors who like to chase trends. Once the trading volume increases and the heat rises, they quietly offload the coins they have at high prices. Once they have sold enough, prices often can't hold up and will easily drop back to where they came from.
Looking at the previous trends of ZEC and the current rapid surge, it's hard not to doubt the sustainability of this market movement. The so-called 'balance' in the crypto world is quite interesting; it can be manipulated by capital in a short time, but after the frenzy subsides, prices often return to their original positions. For those who rush in for the 'explosive growth', it’s essential to weigh: are you seeing an opportunity, or is it a setup made by others?
The indicators on the price chart, like MACD turning red and RSI rising, can be achieved under short-term capital push but do not represent a true trend reversal. Moreover, the uncertainty from regulatory aspects has always hung over us like a sword, and these substantive risks will not disappear just because of a rise over one or two days.
In short, facing such a sudden surge, especially with the simultaneous expansion of news and trading volume, it's always wise to be more alert. Don’t let the rise tempt you; if you’re not careful, you might end up being the last runner in the relay. Remember, in the crypto space, sometimes not taking action is safer than blindly acting. The excitement belongs to others; your capital is your own.$ZEC
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