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ZEC's recent market movement has indeed been quite dramatic. Not long ago, it almost couldn't hold the 360 support level, then it oscillated repeatedly between 360 and 380. Recently, it suddenly gained momentum, reaching a high of around 449. Sounds good, right? But a closer look at the market reveals that this surge was actually driven by the privacy coins DASH and ZEN.
As the leader in the privacy sector, ZEC should theoretically be the most resistant to declines. However, the reality is that negative news has been coming one after another, and funds are quietly flowing out. Do you remember how optimistic everyone was about this coin not long ago? The enthusiasm has long faded. From both fundamental and capital perspectives, ZEC's trend is actually quite weak.
The rise to 449 is more of a trap than a genuine rebound. Retail investors see the increase and want to buy in, just in time to be the ones holding the bag. In the short term, it’s not advisable to blindly chase gains; instead, be cautious of the risks at high levels. When a clear upward movement occurs later, it might be a good opportunity to consider shorting. The market is so cruel—opportunities often hide on the other side of risks.