$ZEC The 1-hour chart has suddenly shown a “golden pullback”! A spike to 980 followed by a retreat— the bulls’ last chance to get on board?

ZEC briefly touched $979.69 this morning before falling back to around $938. Grayscale’s spot Zcash ETF listing on the NYSE ignited market sentiment, while market confidence was rebuilt after the Zcash team fixed a supply vulnerability. ZEC’s 30-day gain has reached 88.1%. Net inflows over the past 1 hour were $7.45 million, over 4 hours $26.11 million, and over 12 hours $45.97 million. Bulls remain dominant. However, the spike near 979 followed by a high-volume retreat shows emerging pressure from short-term profit-taking. Long positions can be entered after a pullback stabilizes in the 920–930 support zone; if short positions repeatedly encounter resistance on a rebound to 975–980, light short positions can be cautiously attempted.

Personal view: The daily bullish structure remains intact, but the 1-hour overbought condition needs time to digest. As long as the pullback does not break below 920, the trend remains unchanged; if 980 is broken on high volume and holds, $1,000 is only the starting point.

#Gate用户突破6000万