New Version, Worth Being Seen! #GateAPPRefreshExperience
🎁 Gate APP has been updated to the latest version v8.0.5. Share your authentic experience on Gate Square for a chance to win Gate-exclusive Christmas gift boxes and position experience vouchers.
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1. Download and update the Gate APP to version v8.0.5
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3. Share your real experience with the new version, such as:
Key new features and optimizations
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The popularity of privacy technology seems to be on the rise again. Zero Knowledge Proof is attracting institutional attention, and the prices of Hedera and Zcash are currently in a consolidation phase, but the story behind them is not simple. Especially since ZEC has been included in a major asset management institution's digital asset ETF plan, this move sends a clear signal—the market position of privacy assets is being reevaluated.
Let's look at ZEC's current trend. The price is around $512.20, showing a pattern of oscillation and accumulation. From a technical perspective, the RSI indicator is at 45.9, indicating a neutral position, suggesting that bulls and bears are still in a tug-of-war. The support level is set at $496.83, with resistance above at $527.57, and the key breakout level in the middle is $522.44. Within this price range, bulls and bears are competing, but with institutional involvement, the bulls clearly have the upper hand.
Based on this situation, you might consider the following: initially allocate a bottom position around $512, controlling the position size at 20%. Once the price breaks above the key level of $522.44, consider increasing the position to 40%. Set the stop-loss at the support level of $496.83, and exit if broken. The target is the resistance at $527.57; after breaking through, look further towards $550.
Is this logic clear? Feel free to share your thoughts.