Looking at the recent trend of ZEN, it's quite interesting. If the project team really wanted to pump the price, why would they break through $14 and then push the price back to hover around the opening price?

Think about it carefully, this logic is actually quite intriguing. If the bottom is already set, the most straightforward move would be to spike to $13 and then quickly pull back. But what is the reality? The project team actually provided spot investors with a cheap entry opportunity. What does this indicate? It suggests that the bottom may not have truly been reached yet.

The usual tactics of such projects are well understood: by pulling back to attract more participants, they can trigger contract liquidations and absorb spot orders at the same time. Behind seemingly chaotic price fluctuations, there is actually a hidden intention from the project team — either they are still building positions or preparing for a subsequent rally.

In other words, this kind of sideways movement around key levels often reveals more than a straight upward surge.