$308 $ZEC ‌ , do you dare to buy the dip?

The SEC just finished its investigation, no fines, no enforcement, Grayscale's privacy coin ETF is on the way.
31% of the circulating supply is locked in the shielded pool, hash rate hit a record high of 16.54 GS/s— but what about the price?
It dropped 7.4% in the past 24 hours, crashing from $333 to $308, RSI went straight from 85.73 to 45.48.
Is this privacy coin being abandoned by the whales?
First, look at the surface: mountains of good news, but the price is crashing like a dog.
In the past 24 hours, ZEC fell 7.4%, from 333 to 308, trading volume increased, MACD histogram remains negative, RSI plunged from overbought to oversold.
Technical analysis tells you: the bears are still smashing, and the retail investors are still fleeing.
First thing: SEC is out, Grayscale is in.
The two-year investigation into the Zcash Foundation by the U.S. SEC has finally ended—no enforcement actions, no fines.
This means ZEC is legally cleared.
Grayscale has already filed for a spot ETF for privacy coins.
Second, miners are not fools, hash rate hits a new high.
The total network hash rate surged to 16.54 GS/s, a new record.
Mining ZEC is more profitable than mining other coins.
Moreover, Foundry Digital—the world's largest Bitcoin mining pool—launched a ZEC mining pool in April, capturing nearly 30% of the total hash rate in its first month.
Third, 31% of the circulating supply is locked in the shielded pool.
Currently, 31% of ZEC in circulation is locked in privacy pools.
When your assets are locked in the shielded pool, it means they are temporarily out of circulation—less supply on the market, quietly changing the supply-demand dynamics.
On one side: SEC backing, Grayscale application, hash rate hitting new highs, shielded pool reaching new records.
On the other side: geopolitical panic, RSI halving, price dropping 7%, retail investors taking losses.
Key support levels: $280–$300, the last line of defense for bulls and bears.
If you're a short-term trader: try small positions around $300–$310, target $330 and $380, cut losses decisively if it falls below $280.
If you're a long-term investor: start building positions gradually, add more at $280–$290.
The SEC's hand is already revealed, and Grayscale's ETF is just a matter of time.
The current story of ZEC is different from 2016, and also different from 2021—this time, it's regulatory clearance + institutional backing + privacy demand + technological upgrades, a fourfold resonance.