#大户持仓变化 【Technical Alert! ZEC Short-Term Trend Shows Significant Divergence Signal】

This 1-hour candlestick chart is worth watching — ZEC has already shown a clear bearish structure.

From the technical indicators, the situation is not optimistic:
MA and EMA are both showing death crosses downward, the price is squeezed below the lower Bollinger Band, with the middle band (496.78) gradually turning into resistance above; MACD green bars are continuously expanding, DIF has fallen below DEA, this pattern usually indicates the continuation of weakness. The key support is LB (483.9); once it is effectively broken, there may be deeper selling pressure below 480.

On-chain data also reveals signals:
In the past 24 hours, the amount transferred from large address holdings to exchanges has been increasing. Coupled with ongoing miner selling pressure and signs of retail investors loosening their chips, this looks more like the main players are distributing tokens in an orderly manner rather than a simple shakeout.

Market environment is also changing:
The regulatory risk for privacy coins still lingers, and their narrative appeal has significantly declined, while market focus has shifted to AI and DePIN tracks. Without additional capital support, technical rebounds are often unsustainable.

From a trading perspective, caution is still needed when rebounding to around 492 (MA7 resistance), as this could more likely be the starting point of another decline. $ZEC The short-term focus is on whether a valid support can be reconstructed; otherwise, the trend remains under pressure.