$600 ZEC, do you want to chase?

Whales have been疯狂扫货 for a week, Multicoin publicly calls out orders, Robinhood上线, 30% of circulating supply locked into privacy pools— but just now, MACD turned negative,巨鲸 opened large short positions, RSI retreated from high levels.

First look at the surface: over 50% increase in 7 days, momentum like a rainbow.

At the beginning of April, it was hovering around $350-400, now it’s directly above $600, with a single-day high of 30%, market cap surged to $10 billion, ranking into the top 15. 24-hour trading volume broke $1 billion, with an astonishing volume ratio. The candlestick chart shows: bottom arc breakout + volume increase bullish line: bull return, quick retreat.

The first thing: institutions and exchanges are buying with real money.

Multicoin Capital publicly holds ZEC heavily, Arthur Hayes’ Maelstrom fund is also in, Foundry Digital launched institutional ZEC mining pools. Robinhood officially launched ZEC trading, retail funds are instantly activated. The expectation of Grayscale Zcash Trust converting to a spot ETF is fermenting.

The second thing: 30% of ZEC has been locked into privacy pools, supply is shrinking.

Shielded pool utilization hits a record high, accounting for 30% of circulating supply. Institutional accumulation + supply reduction = textbook supply and demand inflection point.

The third thing: a dangerous technical signal has appeared.

In the past 4 hours, MACD histogram turned negative, upward momentum significantly weakened. A巨鲸 directly opened large short positions on exchanges, betting that this wave of rise will reverse. RSI retreated from overbought zone, buying pressure is waning.

On one side:

Institutions are heavily accumulating, with expectations for compliant ETFs

30% of circulating supply locked into privacy pools, structural shortage

Robinhood上线, retail channels open

Quantum-resistant wallets + post-quantum standards, widening technical moat

On the other side:

MACD turned negative, short-term momentum exhausted

巨鲸 opened large short positions, waiting to dump

7-day 50% increase, valuation already expensive, risk of correction high

Community is even shouting “Don’t blindly chase high”

Key levels 590-600, this is the dividing line between bulls and bears.

Resistance above: 640-650 → 680-700 → 800

Support below: 580-590 (breakdown retest) → 550-570 (strong support) → 500 (bull-bear line)

Short-term players:

Wait for a pullback to 580-590 before entering, stop loss at 550 (exit if broken), first target 640, second target 680.

Swing traders:

Wait for daily close above 600 to confirm breakout, or wait for a pullback to 550-570 to build positions in batches, target 700-800, stop loss at 520. Use dynamic take profit to hold, don’t get shaken out.

Long-term believers:

ZEC total supply 21 million, close to full circulation, extremely low inflation rate. Privacy is an eternal necessity, ZEC is the only “compliant and friendly” privacy coin. Long-term target 800-1000+, betting on ETF landing + quantum wallet上线. Invest casually below 600, control position above 600.

ZEC now is like DOGE in 2020—

99% of people think “privacy coins will eventually be banned,” but once compliance routes open, it jumps from 400 straight to 600.

When it truly hits 800, you’ll realize: it’s not that privacy doesn’t work, it’s that you can’t hold compliant privacy. #BTC重返8万 #Gate广场五月交易分享 $BTC $ETH $ZEC