Right now, ZEC seems to be around five or six hundred dollars, but to be honest, this thing should have already dropped.

It fell 5.46% in the past 24 hours, and today it dropped another over 8 points, with the lowest touching $556. MACD bearish momentum is suppressing it, RSI has dropped to 33.4, and technically, it’s already near oversold levels. But don’t think that oversold means it can rebound— in this market, continued overselling after being oversold is the most realistic scenario.

Someone points to the SEC ending its investigation as a reason, thinking that regulation has loosened and that institutions will rush in once ETF applications are filed. I have to ask you: how much hype can this story still generate? Grayscale’s ETF application is real, but you’ve seen the market’s reaction to this news— the price is still crashing downward. When good news is exhausted or can’t support the price, that’s the clearest signal.

And then there’s that whale who opened a $4.5 million 10x leveraged long position. Many see it as “confidence,” but I see it more as setting a trap for liquidation. With this position and leverage, if the price continues downward, liquidation can happen in an instant. When the stampede starts, who can run away?

Right now, ZEC’s price is basically supported by a few fragile emotional pillars. It can’t escape the pattern of further decline— when the overall market adjusts, it didn’t fall enough, and it will have to settle its debts later. Dropping below $100 is where it truly belongs.

Don’t talk to me about fundamentals or the value of privacy coins. When the market is rising, these are just stories; when it’s falling, they’re just burdens.

Falling is healthier. Wait until it truly drops below $100 before talking about buying the dip. For now? Just watch the show. $ZEC ‌#分享美股交易赢英伟达股票