Is ZEC at $650 still waiting for a pullback?

I know what you’re feeling right now. You open your account and see ZEC jump from 400 to 650—over two months, it’s more than doubled. In the chat, people shout every day that “privacy coins are going to the moon.” You don’t have any coins in your hands, and the itch keeps you up—you chase it, afraid it will pull back 20%; you don’t chase it, afraid it will just rocket straight to 1000.

First thing: The SEC investigation has officially been closed—this is the biggest positive.

The SEC’s years-long investigation into the Zcash Foundation officially wrapped up in early 2026, with no enforcement actions. After the Q1 report was released in mid-May, the market immediately exploded.

EC has been officially stamped as a “compliant privacy coin.” Monero is still in hiding, Dash has already cooled off—ZEC is the only anonymous coin that has obtained a regulatory passport.

Second thing: 30% of ZEC has already been locked into privacy pools, and real demand is breaking out.

Nearly 30% of the total supply—about 4.9 million ZEC—has moved into Shielded addresses. In 2026, the average share of private transactions will be 40%+ on average, with a high reaching 59.3%.

ZSA privacy assets are rolling out immediately—stablecoins and NFTs can be fully anonymized.

Previously, ZEC was “technically strong but nobody used it.” Now it’s “what people who want to hide money are actually using.”

Third thing: RSI has entered overbought territory, but in a strong trend it can be dulled again and again.

The Bollinger Bands are expanding, volatility is amplifying, and capital is still flowing in. Both weekly and monthly charts have broken through across the board, with targets directly at 755 and 790, and a medium-term outlook of 900-1000.

But after moving from 400 to 650, profit-taking positions have piled up like mountains. A single needle could knock it down to 600 at any moment.

On one side:

- The SEC investigation closed, and the regulatory dark clouds have fully dispersed

- Grayscale applying for a ZEC spot ETF, institutional FOMO

- Shielded adoption hitting new highs, real demand exploding

- Weekly Strong Buy, target 900-1000

On the other side:

- RSI is overbought—short-term overheating

- Massive profit-taking—violent washouts could happen at any time

- If BTC breaks below 75k, ZEC will follow down

The key level at 650 is the relay station for the main leg up.

Resistance above: 687 → 755 → 790 → 900-1000

Support below: 633 → 600 (0.786 Fibonacci + breakout platform) → 545-520

For short-term traders:

Wait for a pullback to 600-633 and enter in batches, with a stop-loss at 580. Take profit of 30-50% at the first targets of 687-755.

For swing traders:

Let the daily closes hold above 633, use dynamic take-profit to stay in, targeting 900-1000. But remember—on the day the Grayscale ETF news truly lands, don’t get greedy; reduce your position.

For long-term believers:

ZEC has a total supply of 21 million—nearing full circulation, with deflationary properties plus privacy-driven real demand and a regulatory moat. The end-2026 target is 1200-1500. But the premise is: can you withstand the shakeout from 650 down to 500?

Right now, ZEC is like SOL in 2020—

99% of people thought “privacy coins have no future.” Then when regulation loosened and institutions rushed in, it went straight from the floor to the ceiling.

If you don’t buy at 650, when it hits 1000 you’ll realize: it’s not that you were afraid to buy—it’s that you didn’t understand how valuable those four words “legitimate privacy” are. #TradFi交易分享挑战 #PlatinumCard作者专属 $BTC $ETH $ZEC