This wave of market reversal is truly interesting.

Recently, the public opinion environment around ZEC was extremely hostile—team scandals, a sharp price drop from 434 to 394, and widespread criticism within the community. Just as everyone was pessimistic, on-chain monitoring caught a key signal: a large sum of $4.57 million in long positions was quietly built up by a major investor.

Is it a money-burning player, or has he sensed different information? I looked through some data, and it’s quite intriguing.

**Technical indicators are quietly turning**

RSI rebounded from a low of 23.8 to 40.1—still not overbought, but the extreme oversold spring-like feeling is already quite evident. More importantly, if you look at the 30-minute K-line, the formation of a bottom and the initial signs of three red candles are already brewing. It’s like the moment before a heavy rain, when light begins to peek through the cloud cracks.

**Fundamentals haven’t really shaken**

ZEC’s proof of work, a total supply cap of 21 million, and halving cycles—these hardcore attributes are modeled after Bitcoin. Even if someone runs away, the code logic remains fixed; no one can change that.

**Market sentiment is at an extreme**

This is the most interesting part. Half the people online shout $1,000, while the other half shout zero—such a polarized consensus often signals a trend reversal is imminent. When popularity is extremely dispersed, it’s usually when institutions quietly position themselves.

**Focus on these two key points**

If it can hold above 415, the rebound might have a chance. But if it breaks below 380, be alert for a deeper correction.

Honestly, trading short-term on such high volatility and uncertainty carries disproportionate risks and rewards. Instead of gambling on noise, ask yourself a deeper question—how should one allocate and hold positions more prudently in such a market full of variables?