$ZEC suddenly surged 🔥, I searched and organized the following reasons:
Worth noting:
- ZEC rose over 11%, benefiting from expectations of a Federal Reserve rate cut and record adoption of privacy trading (4.5 million ZEC shielded).
- The total amount shielded is approaching 5 million ZEC, considered the strongest bull market signal, with high community FOMO sentiment.
- Technically, it broke through the giant trumpet pattern and the 394 Fibonacci level, with the 4H chart confirming a bull market reversal, targeting above 405.
- After the SEC meeting with Zooko, expectations for a pump rise, indicators show a 16% increase accompanied by a green signal dominating.
Overall sentiment is 80% positive, with favorable factors including technical confirmation, adoption growth, and regulatory optimism; worth following for buying, low risk due to multiple supports, but caution against FOMO-driven short-term corrections.
