ZEC approaches the important $480 resistance level—Institutional investors continue to actively build positions

MoonMathMagic · 2026-02-09T02:13:16+00:00

The market trend of ZEC is approaching the $480 resistance level, with a surge in trading volume and increased activity from institutional investors attracting attention. From a technical perspective, the price is forming a symmetrical triangle pattern, and whether it breaks through the $480 resistance will be a crucial factor in determining the next upward move. Monitoring this level closely is essential, as a breakout could signal a significant bullish trend, while failure to break above may lead to consolidation or a reversal. Investors should watch for confirmation signals and volume spikes to gauge the strength of the move.

MoonMathMagic

2026-02-09 02:13:16

Abstract generation in progress

Recent market trends for ZEC have been attracting investor attention. The important resistance level at $480, which had long been suppressed, is steadily approaching. This resistance line represents the upper boundary of a symmetrical triangle pattern formed during price fluctuations and will be a critical battleground influencing future price movements.

Currently, ZEC is priced at $239.03, with a 24-hour change rate of -0.62%. Over the past 7 days, it has declined by -23.18%, and in the last 30 days, it has recorded a -40.37% drop, indicating a market in correction. However, even amid this short-term price pressure, institutional investors are becoming more active, suggesting a shift in market structure.

Market Activation—Surging Trading Volume Drives ZEC Price Movements

One reason ZEC’s market is gaining attention is the increase in trading activity. The 24-hour spot trading volume has reached $2.98M, with significant funds flowing in from futures trading. This rise in trading volume indicates that traders and investors are actively building and adjusting their positions.

The sudden increase in trading volume reflects more than just speculative activity; it signals that an important moment is approaching among market participants. The psychological resistance at $480 is attracting many traders’ attention, and what happens around this level is a key focus for the entire market.

Multiple Support Factors Converge—Revival of Privacy Coins and Institutional Trends

Recently, interest in privacy coins has surged again, benefiting ZEC. Currently, the utilization rate of ZEC’s Shield Pool has reached 30% of the total supply, indicating strong demand for privacy features.

Additionally, ZEC has recently undergone a halving, reducing the newly issued supply. This increases scarcity in the market, supporting its value. At the same time, major cryptocurrency exchanges have started offering spot trading for ZEC, and French bank BPCE has integrated ZEC into its customer app, reflecting institutional adoption. This enhances trust among institutional investors.

It is also important to note regional regulatory differences. In South Korea, due to regulatory requirements, ZEC has been delisted from some exchanges, which poses constraints on market expansion.

Institutional positions are also prominent. An institution called Cypherpunk Technologies has invested $100 million to acquire ZEC and currently holds over 200,000 ZEC. The institution plans to increase its purchase ratio to 5% of the total supply, indicating a bullish stance. Additionally, Grayscale is progressing with an ETF application for the Grayscale Bitcoin Mini Trust, further developing institutional investment infrastructure.

Technical Analysis—Breakout from Symmetrical Triangle as a Next Signal

From a technical perspective, ZEC’s price is forming a symmetrical triangle pattern. It is currently approaching the resistance zone at $420, having temporarily broken above this level last week, but then falling back to the current level.

Looking at the RSI (Relative Strength Index), it is gradually recovering from oversold territory to around 40, suggesting easing selling pressure. However, as long as the price remains within this range, trading volume tends to decrease, and more evidence is needed to confirm a genuine upward move.

The next key signal will be whether the price converges above the trendline. If the daily chart shows the price settling above the trendline, the pressure to break through $480 will intensify.

Price Outlook and Investment Strategy—Breaking $480 as a Turning Point

ZEC’s future price movement will depend on the interaction between technical and fundamental factors. In a bullish scenario, breaking through the $480 resistance could open the path to a $460-$500 upward range. Continued position-building by institutional investors and supportive fundamental factors could make this rally feasible.

Conversely, in a bearish scenario, falling below the support line could lead to a correction toward $350. If downward momentum accelerates, there is also a possibility of the price dropping to around $300.

Whether ZEC can break through the $480 barrier will be a crucial turning point for investment decisions. Market participants need to prepare for this potential shift.

ZEC-7,2%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.