After pulling back to the daily support level at 300 and stabilizing, while the broader market dipped around midnight, ZEC actually showed independent movement and took the lead in gains.
Most of the long positions above 700 from the previous wave have basically been cleared out, which made this rebound particularly swift. More importantly, expectations for a ZEC spot ETF application have started to gain traction in the market, with signs of institutional funds flowing back in.
With the technicals aligning with the news, this rally seems to have come naturally. If this momentum can be maintained today, there might be more to watch in the coming sessions.
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BtcDailyResearcher
· 12-06 19:27
The method of shaking out weak hands is indeed clever; the main event is waiting for the ETF expectation to materialize.
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GateUser-75ee51e7
· 12-05 03:22
This ZEC rally is pretty fierce. Are the previously trapped positions finally about to recover?
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rugpull_survivor
· 12-05 03:22
Damn, ZEC really broke out independently this time. Institutions are secretly positioning themselves.
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EternalMiner
· 12-05 03:11
Independent market trends are interesting, but I'm just worried that institutions will pull up the price and then dump it.
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SolidityStruggler
· 12-05 03:08
This independent rally of ZEC is truly impressive; the signal of institutions buying the dip is too obvious.
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PositionPhobia
· 12-05 02:59
Damn, this ZEC counter-trend rally is insane. The independent price action is absolutely brilliant.
#特朗普数字资产政策新方向 $ZEC Yesterday's price movement was quite interesting.
After pulling back to the daily support level at 300 and stabilizing, while the broader market dipped around midnight, ZEC actually showed independent movement and took the lead in gains.
Most of the long positions above 700 from the previous wave have basically been cleared out, which made this rebound particularly swift. More importantly, expectations for a ZEC spot ETF application have started to gain traction in the market, with signs of institutional funds flowing back in.
With the technicals aligning with the news, this rally seems to have come naturally. If this momentum can be maintained today, there might be more to watch in the coming sessions.