$ZEC at $373, do you want to chase?

SEC investigation closed, Grayscale ETF on the way, Foundry USA enters mining, shielding pools reach 5.18 billion ZEC—news that sounds almost too good to be true. But in the past 12 hours, the price dropped 2.9% from the high, RSI plummeted from an extreme 96.21 to 36.27, and a whale opened a $11.47 million short waiting to harvest. Is this thing the king of privacy tracks, or the last blow after all good news has been exhausted?

First, look at the surface: rising sharply, falling even harder.

In the past 24 hours, ZEC increased by 7.29%, reaching $373, with a market cap of $6.2 billion, and trading volume quadrupled. But don’t get too excited—candlestick charts show it just dropped from a high of $427, and RSI went from overbought at 96 straight into the mid-range.

First thing: the regulatory thunder has been completely dispelled.

SEC’s investigation into Zcash officially closed in January, with zero enforcement and zero fines. What does this mean? It means ZEC is one of the very few privacy coins currently “approved” by U.S. regulators. Grayscale’s spot ETF application is already on the way, with market expectations of approval by Q2 2026. Potential inflows of $500 million to $2 billion—consider that against a $6 billion market cap—do your own math on this space.

Second thing: institutions are really coming in.

The world’s largest Bitcoin mining pool, Foundry USA, officially supports ZEC mining. This is not a small move; it’s an endorsement of **institutional-grade hash power**. The shielding pool’s value has surged to 5.18 billion ZEC, accounting for over 30% of circulating supply.

Third thing: but someone is fighting back.

A whale opened a short position worth $11.47 million in ZEC. Zebra nodes were found to have security vulnerabilities; without upgrades, there’s a risk of chain splits. RSI over 12 hours dropped from 96 to 36, and buying momentum collapsed.

On one side: regulatory approval, institutional entry, and a full revival of privacy narratives.

On the other side: whales shorting, security vulnerabilities, and technical indicators cooling down across the board.

The critical zone is $365–$372, the last line of defense for bulls and bears.

If you’re a short-term trader: enter lightly in the $365–$372 range, with targets at $391 → $410 → $435, taking profits in stages, and cut losses decisively if it falls below $348.

If you’re a long-term investor: add heavily below $350, as ETF approval will be the starting gun for the next major rally. A conservative target of $500 by the end of 2026, neutral at $650–$850, breaking $1,000 is not a dream.

ZEC’s current position is like SOL in 2020—nobody believed it could rise, and by the time everyone did, you already couldn’t afford to buy. #美国寻求战略比特币储备 $ZEC