All the positive news that was hyped up is just old leftovers: SEC investigation ending, ETFs, halving, privacy narratives, have all been priced in early; now the rise is driven purely by sentiment, with no new catalysts.

If they really wanted to push the price higher, they wouldn't give you so many chances to buy in; this rally is just to shake out profit-taking and to trick new retail investors into buying.
There's also an overlooked risk: the EU plans to ban anonymous transactions by 2027, and tighter regulation is the trend. Once there’s any movement, funds will flee faster than anyone.
Currently, ZEC is a typical case of “positive news exhausted + imbalance between bulls and bears,” with bulls only showing paper gains, while bears are the real winners.
Now, going long is just handing over chips to the bears; shorting is the way to go with the trend!