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$ZEC Breaking through $608 marks the official start of the privacy coin market. This breakthrough has three implications: first, the technical pattern has completely reversed, with the $600 level originally serving as a psychological ceiling for bulls; after breaking through, the upward space opens, and the market enters a main rally wave; second, the privacy narrative has regained market consensus. Under tightening regulations, assets with true privacy features have become safe havens. ZEC, as the pioneer of zero-knowledge proof (ZKP) technology, is regaining its dominant position; third, short sellers have been liquidated due to persistently high fees, and their closing buy orders further boost the coin's price.
Regarding target levels, after stabilizing above $600, the next psychological barrier is $700; if the trend continues, challenging the all-time high is possible. In terms of operation, it is recommended to follow the trend and avoid chasing the top. Those who have already entered should continue to hold, while those who haven't can wait for a pullback near the $580 support level to look for opportunities, avoiding chasing high during rapid rises. The value of privacy coins is not outdated; ZEC's market has just begun. #Gate广场五月交易分享