#ZEC最新行情分析 $ZEC （Large Zero Coin）recently experienced a significant decline, and starting from December 8, the price rebounded strongly. The current technical indicators are showing bullish signals, but it is necessary to be cautious of key resistance level pressures. The following is a detailed analysis based on the latest data from December 9, 2025:
1. Current price and trading data: As of December 9 at 1:25 AM, the ZEC price is $416.82, with a 24-hour increase of 22.55%, a price fluctuation of 28.12%, reaching a high of $426.15 and a low of $332.62, with a 24-hour trading volume of $1.21 billion, a trading volume of 2.91 million, and a market capitalization of $6.88 billion. On December 8 at 12:00 AM, its price was only around $340, indicating a vigorous price rebound in the short term.
2. Positive technical outlook: From a technical perspective, the moving average system shows a bullish arrangement and has formed a golden cross signal, resonating with the price increase. Additionally, the price rises accompanied by increased trading volume reflect a healthy volume-price relationship. Previously, ZEC rebounded strongly from the 0.5 Fibonacci retracement level at $392, the RSI indicator has also recovered from the oversold area, and the MACD indicator shows strong bullish momentum at the 2-hour level. These indicators confirm the current dominance of bullish forces. However, the current price is close to the key resistance level of $405 corresponding to the previous high point, and a breakout could further push the price up to $450.
3. Market sentiment and capital flow: Recent market sentiment has undergone a sharp shift from bearish to bullish. After December 5, there was a large-scale short covering, with over $7.39 million in short covering volume in the past 24 hours, resulting in significant losses for short positions, and bulls gradually gaining market dominance. Meanwhile, the open interest for ZEC surged over 11% to $946.46 million, with leveraged funds entering the market rapidly, reflecting traders' strong bullish expectations for its future trend, although high open interest could also intensify short-term price volatility.
4. Potential variables and risks: On the positive side, Grayscale plans to convert the Zcash trust into an ETF, which, if regulatory approval is obtained, could attract further capital into the market. The risk is that ZEC previously fell over 32% in one week, and technical vulnerabilities remain; furthermore, the current price is close to the resistance level, and if it cannot break through successfully, it may trigger profit-taking by bulls, leading to a price decline. In addition, the overall cryptocurrency market is highly volatile, and macroeconomic market and industry policy changes may also have a correlated impact on its price movement.
