Yesterday I was still chatting with friends, saying that ZEC’s dog whale is too good at grinding, repeatedly squeezing between 320 and 350, neither rising nor falling comfortably, clearly just using sideways movement to delay the decline. I said at the time, the longer this kind of pattern lasts, the less reasonable it will be when it finally pulls up. When I woke up today and looked, sure enough, a single bullish candle shot up from the ground, with the price directly hitting 340.94, a 7.26% increase for the day, and the 24-hour high reached 350.79. See, those who obediently crouched yesterday are smiling today.

Looking at the market, the signals have been there for a while. The 7-day moving average at 321.93 had already crossed above the 25-day at 313.32, and the 99-day at 278.45 is still far below, supporting the bullish alignment of the moving averages. In recent days, the price has been bouncing off the 25-day line without much touch, hovering above the 7-day line, indicating strong support below and no real intention to drop. The MACD fast line at 16.67 and slow line at 20.42, although still above zero and not yet a golden cross, the green momentum bars have shrunk to -3.75, indicating the bears are almost powerless, and a slight increase in volume could push it higher.

Volume also shows some tricks. Today’s bullish candle volume is 72,079, which seems small, but compare it with the 5-day average volume of 168k and the 10-day average of 187k, you’ll see that during the recent sideways consolidation, the floating chips have already been cleaned out. It doesn’t need huge volume to push up, just a light lift. The whale whales have enough chips, and a gentle push makes the market lift easily.

Someone might ask now, it’s already up more than 7 points, can I still chase? I’d say one thing: this sideways-to-delayed decline pattern, once it leaves the cost zone, won’t easily turn back. The 24-hour low of 314.3 is very likely the bottom of this small phase, and breaking through the high of 350.79 is just a matter of time. As long as it can keep wobbling above the 7-day line and not release huge volume with long upper shadows, this rally is far from over.

Anyway, I’m holding my position comfortably, waiting for the whale to keep performing. $ZEC ‌#加密市场行情震荡