$ZEC at $375—are you going to chase it?
A weekly surge of 55%, up 899% over the year, jumping straight from $250 to $375, market cap back into the top 20; ZEC in the Shielded Pool exceeds 30%, setting a new all-time high—yet in the past 10 hours, a net outflow of $4.42 million, the RSI crashing from 69 straight down to 49, and the $390–$400 resistance level feels like a wall, pinning the price below it. Is this the privacy-track king making a comeback, or the final feast for the last bagholders?
First, look at the surface: the kind of rally that makes you doubt your own sanity
Over the past 7 days, ZEC is up 55%, 30 days up 78%, and 899% over a year. Grayscale has already submitted an application to convert the ZEC trust into a spot ETF, and the market widely expects approval in Q2. The SEC’s two-year investigation into the Zcash Foundation was closed with an acquittal in January. The world’s largest BTC mining pool officially launched a ZEC institutional mining pool in April—this is the first time top-tier miners have openly thrown their weight behind a privacy coin.
First thing: the wall—right above your head
From $390 to $400—this is ZEC’s most critical, most dangerous spot right now. Once the price surges to here, it gets smashed back down; highs keep moving lower, trading volume shrinks, and there are a ton of long upper wicks on the K-line—because sellers are desperately defending this level: when you try to run up, they just knock you back down. RSI plunged from 69.39 to 49.45, and within 4 hours, buying momentum was cut in half.
Second thing: the money is running out
In the past 10 hours, there has been a net outflow of $4.42 million. This isn’t small retail investors selling—this is whales taking profits. ZEC ran from $250 to $375, up 50%; some people already have enough gains and are leaving in batches.
Third thing: fundamentals—indeed, they’re solid
ZEC in the Shielded Pool exceeds 5.17 million coins, accounting for more than 30% of the total supply, setting a new all-time high. After the Zashi wallet went live, privacy transaction adoption rate surged by 400%+. The Crosslink upgrade (hybrid PoS) is on the way—it can reduce 51% attack risk, and it introduces a staking mechanism, so institutions will be more willing to step in.
On one side, the weekly-chart bottom reversal, the burst of the privacy narrative, and ETF expectations coming soon
On the other side, $400 strong resistance, outflows, and short-term buying momentum drying up
The key level is 365—this is the final line for both bulls and bears
For short-term traders: don’t chase around $375—wait for a pullback to 365. If you keep a light position and bet on a rebound, your targets are $400–$420. If it breaks below 365, cut losses decisively. Next stop: $340
For long-term players: when it retraces to $340–$350, that’s the spot to build in batches. Targets are $500–$600. With the ETF landing and the Crosslink upgrade—these two catalysts haven’t been fully realized yet; the real breakout is still ahead.
What can make you rich has never been that kind of “100x coin” everyone keeps shouting about—it’s instead an asset that has regulatory approval and real adoption, but is being suppressed by sentiment in the short term.
Right now, ZEC is just like SOL in 2020—everyone is questioning it, but smart money is already quietly accumulating. #加密市场回升 #Gate广场四月发帖挑战 $ZEC
