The Privacy Coin zone has exploded recently - DASH surged over 140% in a week, with its market capitalization directly soaring to $1.435 billion. In this wave of market activity, ZEC took the lead, while DCR, DASH, and other established Privacy Coins collectively doubled, with funds flooding into this zone.

But interestingly, when looking at the hourly chart, you will find conflicting signals: the price has fallen from the previous high, technical indicators are weakening above the zero axis, and the yellow and white lines are showing a downward trend, with a death cross pattern becoming faintly visible. This creates an awkward situation—while the news is buzzing, the technical analysis is sending out warnings.

The current price hovers around 116.64, with 130 being the first rebound resistance above; after breaking through, 150 is a stronger resistance. Looking down, 97 is an important support target, and further down, 80 is the previous bottom position.

The market is currently engaged in a long-short game:
The news logic is very clear; the concept of Privacy Coin is being hyped, and the sentiment for capital chasing is high. However, the fatigue on the technical level cannot be ignored—both the yellow and white lines are diverging downward, and a death cross signal is brewing around 20.00.

This situation where the news front diverges from the technical front often hides great opportunities, but also buries great pitfalls. If the bulls can hold the current key level, it may trigger a second wave of major rise; however, once it breaks down, the retracement may exceed expectations. Coins that rise quickly will also not be gentle during a pullback.

Will the market break upward past 130 and head straight for 150, or will it turn around and drop to 97 or even 80?