Today I must chat with you about the hottest player in the crypto space recently, ZEC! I just saw the news, and the total market value of ZEC contract positions skyrocketed to 3.669 billion USD, a 24-hour surge of 42.11%! What does that mean? It's like a massive influx of big capital betting on its rise in just one day; this hype is crazier than summer ice drink sales!
News: The ZEC price is currently around 439 USD. Why has it suddenly become so strong?
To put it simply, the capital is firmly sticking to exchanges like Binance and Bybit, with the ZEC contract positions all increasing; Binance holds 570,000 coins, with a market value of 234 million! Wherever the funds go, the price naturally gets pushed up. Moreover, this position's market value has hit a historical high, indicating that the market's expectations for it are getting higher and higher, not just minor fluctuations.
Technical aspect: Current price is 439.12, stuck between the 'rebound resistance level' of 450 and the 'high resistance' of 470.
But here comes the key point: the MACD indicator's yellow and white lines are crossing above the zero axis, which is a strong bullish signal! It’s like stepping on a spring while running, full of energy. The support below is solid; 420 is a key level, and further down 400 and 375 are strong bottom supports, so the probability of a short-term sharp decline is low.
So how should players operate? I have two suggestions:
For the brothers who are already holding, don't rush to sell! Focus on the 470 mark; if it can break out with volume, the next wave might soar to 500+; if it can't break through, this is the time to reduce some positions and take profits.
Don't chase after the rise! Wait for a pullback to stabilize around 450, or follow the wave after breaking 470, it's more reliable. Remember, no matter what, don't let profits turn into losses.
To be honest, this wave of ZEC is a resonance of funds and technicals, not just random speculation. But in the crypto world, there's no absolute; we earn the money within our understanding, don't get too excited.
In the next two days, the key is whether 470 can be broken! If it breaks, we chase; if it doesn't, we wait for a pullback. Want to know the specific order points and market changes? Follow me, and at 8 AM tomorrow, call me in the comments, and I’ll send you real-time strategies!
Do you think ZEC can reach 500? Let’s chat in the comments, I am Jin Min from the crypto world, follow me, and I’ll teach you how to seize this market wave and catch the whole fish! If you don't know how to time it, Jin Min will analyze it in real-time in the village and provide the best entry points.
