Zcash ( ZEC ), similar to patterns before cryptocurrency crash... 'pump and dump' risk warning

Source: TokenPost Original Title: Zcash($ZEC), resembles the pattern before the BNB crash…concerns of 'pump and dump' are growing. Original Link: Analysis suggests that the recent price movements of Zcash ( ZEC ) are showing patterns similar to those before a significant decline in the cryptocurrency market, leading to increased market caution. Some have also predicted that the ZEC price could adjust to around 220 to 280 dollars (, approximately 300,000 to 380,000 won ).

ZEC has fallen nearly 30% from its peak of $750( last November, reflecting the overall anxiety in the altcoin market. Some analysts warn that ZEC is being excessively promoted on social media and within cryptocurrency communities, cautioning about the possibility of a 'pump and dump)' where prices are driven up followed by mass sell-offs(.

![Zcash)ZEC( analysis chart])https://img-cdn.gateio.im/webp-social/moments-94b0957073-8254f731d8-153d09-cd5cc0.webp(

On the other hand, there is still a positive outlook on the long-term prospects of ZEC. Some veteran cryptocurrency investors believe that the demand for privacy-centric blockchain technology will increase, and they highly value ZEC's long-term potential. However, in the short term, the analysis suggests that the potential for price volatility is high due to the mixing of profit-taking and speculative trading.

Market participants need to be cautious of excessive price increases without performance, while closely monitoring future trends.

Market Interpretation

The recent decline of ZEC may be a side effect of excessive expectations and promotions, and it is necessary to refer to cases of similar price patterns.

Strategy Points

For short-term rising stocks, it is important to assess risks through additional indicators such as 'increased trading volume' and 'social media mentions'. The outlook for privacy coins needs to be examined from a long-term perspective.

Terminology

Pump and Dump)Pump and Dump(: A fraudulent trading pattern in which the price of a specific asset is artificially inflated and then sold at a peak, causing losses for ordinary investors.