The recent popularity of the privacy coin sector is quite high, and ZEN has indeed experienced significant fluctuations. From a fundamental perspective, with a market cap of only $200 million, it’s relatively easy to catch up through a rebound, but caution is still necessary.

On the technical side, there are several noteworthy signals. The exchange rate of ZEN against BTC shows that the moving averages are in a dense state but have already broken upward, which is often a sign of a trend initiation. At the same time, the ZEN/USDT pair also exhibits a similar breakout pattern, moving from dense moving averages to a bullish crossover. This kind of movement indeed presents an opportunity. However, the recent 40% increase is already substantial, and a reversal could mean a significant distance to the stop-loss level, making it suitable only for small positions.

Looking at the continuous trend of BTC’s exchange rate, it’s possible that the current point is just the end of a previous correction, with potential for several times the growth afterward. But honestly, such analysis carries a high level of risk. Buying requires mental preparedness for a 15-20 point pullback or even hitting the stop-loss.

Frankly speaking, my previous analyses of coins like Dash, WLFI, and Litecoin had relatively low success rates, with only ZEC and BNB barely making some profit. So now I am viewing ZEN with a mindset of recording trading ideas rather than as investment advice. Try with small positions, but always keep risk awareness at the forefront.