$600 of $ZEC , do you want to chase?

Whales have been疯狂扫货 for a week, Multicoin publicly shouting orders, Robinhood上线, 30% 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 candle: bull return, quick recovery.
First thing: institutions and exchanges are buying real money.
Multicoin Capital publicly holding ZEC, Arthur Hayes’s Maelstrom fund also entered, Foundry Digital launched institutional ZEC mining pools. Robinhood officially launched ZEC trading, retail funds instantly activated. The expectation of Grayscale Zcash Trust converting to a spot ETF is fermenting.
Second thing: 30% of ZEC has been locked into privacy pools, supply shrinking.
Shielded pool utilization hit a record high, accounting for 30% of circulating supply. Institutions increasing holdings + supply decreasing = textbook-level supply and demand turning point.
Third thing: a dangerous technical signal appears.
In the past 4 hours, MACD histogram turned negative, upward momentum clearly weakened. A巨鲸 directly opened large short positions on exchanges, betting that this rally will reverse. RSI retreated from overbought zone, buying pressure weakening.
Key levels: 590-600, this is the dividing line between bulls and bears.
Resistance above: 640-650 → 680-700 → 800
Support below: 580-590 (break and retest) → 550-570 (strong support) → 500 (bull-bear line)
Short-term traders:
Wait for a pullback to 580-590 to buy in, stop loss at 550 (sell if broken), first target 640, second target 680.
Swing traders:
Wait for the daily close above 600 to confirm breakout, or buy in stages on pullbacks to 550-570, target 700-800, stop loss at 520. Use dynamic take profit to hold, avoid being shaken out.
Long-term believers:
ZEC total supply is 21 million, close to full circulation, with 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 went straight from 400 to 600.