The proportion of ZEC bulls remains high, market strength analysis ⚡

On-Chain Data Perspective: Market Structure Changes

According to the latest market data, ZEC currently exhibits a clear bullish dominance. In statistics from several mainstream trading platforms, the bullish proportion remains at a relatively high level, with one exchange reaching as high as 71.8%, reflecting market participants’ optimistic outlook for the future. In the past hour, short positions have been closed with a volume of $530,000, significantly larger than the long positions’ closing volume. This asymmetric adjustment in positions demonstrates an imbalance in market momentum.

Technical Analysis: Support and Resistance Levels

From a technical perspective, ZEC is currently in an upward trend. Analysis indicates that the $513-$520 range forms a key support level, making it an ideal reference point for long entries. On the upside, $535 is a recent high; a successful breakout could further ignite bullish sentiment. The subsequent target levels to watch are initially around $550, with further potential towards the $570 zone.

Trading Suggestions and Risk Management

For participants, when establishing positions within the support zone, a laddered entry strategy is recommended—starting with a small position to test the waters, then gradually increasing after breaking through key resistance. Stop-loss should be conservatively set below $508 to ensure risks remain within controllable limits.

It is important to note that, although the current market shows a significant disparity between bulls and bears, this does not necessarily mean a one-sided upward movement will continue. Historical experience indicates that extreme dominance structures often come with higher risks. Participants should rationally assess their risk tolerance and avoid excessive leverage. Trading is fundamentally a probabilistic game; even high-probability setups require strict risk management discipline.