#密码资产动态追踪 【ZEC bearish signals concentrated, this decline is not that simple】

Watch ZEC's 1-hour trend closely — the rhythm is quite fierce.

Looking at technical data first: the moving average system has completely deteriorated, price is pinned down hard at the Bollinger Band lower band, with the middle band position (496.78) becoming the resistance barrier above; MACD's green histogram is expanding, DIF has broken below DEA, bearish momentum is accumulating. The real danger signal is here — if key support at 483.9 is effectively broken through, the 480 price level is likely to come under pressure.

What does on-chain data say? Over the past two days, large position inflows to exchanges have become more evident, miners continue selling, retail chips are loosening. Rather than calling this a wash, it's more like orderly distribution by big capital.

On the news front, privacy coin regulatory pressure persists, ZEC lacks new narrative support in the short term. Meanwhile, funds are rotating into hot sectors like AI and Depin — coins without capital backing can't be supported by charts alone, no matter how good they look.

From a trading perspective: rebounds to around 492 (moving average resistance) are shorting opportunities, below 485 is the real ambush zone. This market move tests execution — don't guess bottoms, don't bottom fish, just follow the trend. Remember one thing: real declines break structure, they don't go back and forth. In this ZEC cycle, bearish bias is the main theme. $ZEC