ZEC refreshes a new all-time high; be cautious of sell-off signals at high levels
ZEC once again set a new all-time high, with the price briefly touching $1,388. The monthly gain reached 160%, and the gain over the past year has been as much as 25 times—its market performance is extremely dramatic.
The NU7 upgrade voting has just been finalized. With 99.9% of votes approving, the block time is reduced from 75 seconds to 25 seconds. Paradigm has also publicly disclosed its holdings, the ETF’s size is nearing $1 billion, and multiple positive catalysts have been released in quick succession.
What’s worth noting on the tape: after a volume surge and push higher the previous day, price reversed from the highs. Today, it’s testing upward again. This kind of走势 often appears during periods when market liquidity is abundant, and it may show signs of distribution.
Even though the ETF is continuously accumulating, ZEC’s rise over the past year has already reached 2,590%. Early entrants who bought at low levels have built up massive unrealized profits. With the NU7 upgrade implemented and institutional holdings made public, the underlying story is that these are basically catalysts already being realized.
When all kinds of positive news are fully in place, and retail investors rush in out of FOMO, you need to think about who is actually selling those shares.
The overall uptrend hasn’t been completely broken yet, but at high levels, don’t blindly chase and take the bag. Sometimes the market’s reversal only takes a single candlestick.
$ZEC $DASH
#paradigm disclosed holdings of zec
ZEC once again set a new all-time high, with the price briefly touching $1,388. The monthly gain reached 160%, and the gain over the past year has been as much as 25 times—its market performance is extremely dramatic.
The NU7 upgrade voting has just been finalized. With 99.9% of votes approving, the block time is reduced from 75 seconds to 25 seconds. Paradigm has also publicly disclosed its holdings, the ETF’s size is nearing $1 billion, and multiple positive catalysts have been released in quick succession.
What’s worth noting on the tape: after a volume surge and push higher the previous day, price reversed from the highs. Today, it’s testing upward again. This kind of走势 often appears during periods when market liquidity is abundant, and it may show signs of distribution.
Even though the ETF is continuously accumulating, ZEC’s rise over the past year has already reached 2,590%. Early entrants who bought at low levels have built up massive unrealized profits. With the NU7 upgrade implemented and institutional holdings made public, the underlying story is that these are basically catalysts already being realized.
When all kinds of positive news are fully in place, and retail investors rush in out of FOMO, you need to think about who is actually selling those shares.
The overall uptrend hasn’t been completely broken yet, but at high levels, don’t blindly chase and take the bag. Sometimes the market’s reversal only takes a single candlestick.
$ZEC $DASH
#paradigm disclosed holdings of zec