What caused $ZEC to rally and why is it dipping now?

$ZEC’s recent move wasn’t random. It was a mix of narrative, structure, and market mechanics.

Why $ZEC went up 📈
• Privacy narrative rotation: traders rotated into privacy coins as surveillance, compliance, and on-chain transparency debates resurfaced
• Technical breakout: ZEC broke long-term resistance levels, triggering momentum and systematic buying
• Speculative inflows: rising volume and open interest showed short-term capital chasing performance
• Low relative liquidity: compared to large caps, ZEC moves faster when demand spikes

Why $ZEC is pulling back now 📉
• Overbought conditions: after a sharp run, indicators showed stretched momentum
• Profit-taking: early buyers locked in gains after a multi-week rally
• Leverage flush: long liquidations accelerated the downside once support broke
• Broader market weakness: BTC and risk assets pulled back, dragging high-beta alts with them

Important context
This drop doesn’t signal a protocol failure or bad news from Zcash itself.
It’s a market-driven correction after an aggressive move up.

TL;DR
The pump was driven by rotation + breakout + speculation.
The dip is driven by cooling momentum + profit-taking + leverage reset.

Now the real question isn’t why it dropped;
it’s whether buyers step in after the reset, or momentum fully fades.

Market structure will decide.

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