#密码资产动态追踪 【ZEC Bearish Signals Intensifying, This Decline Is More Complex Than It Seems】

Watch ZEC's 1-hour trend closely—the momentum is quite aggressive.

Starting with technical analysis: The moving average system has deteriorated across the board, price is pinned tightly at the lower Bollinger Band, with the middle band position (496.78) acting as a strong resistance above; on the MACD side, green bars are expanding, DIF has broken below DEA, bearish momentum is accumulating. The real warning signal is here—if the key support at 483.9 is effectively broken through, the 480 price level is likely to face significant pressure.

What does on-chain data say? Over the past two days, there's been a noticeable increase in large holdings flowing into exchanges, miners continue to sell-off, and retail positions are loosening. Rather than calling this a wash, it's better described as orderly distribution by large capital.

From news perspective: regulatory pressure on privacy coins persists, ZEC lacks new narrative support in the short term. Meanwhile, capital is rotating toward hot sectors like AI and Depin; coins without capital support can't sustain price regardless of how good the charts look.

From a trading perspective: Rebounds near 492 (moving average resistance) are shorting opportunities, only below 485 is the true ambush zone. This market move tests execution—no guessing bottoms, no buying dips, just follow the trend. Remember this: real declines break structure, they don't reverse and repeat. This ZEC cycle calls for bearish thinking. $ZEC