ZEC just had a rally, rising 3.7% within an hour, with the price touching around $262. Many people want to sell after the surge, but I think it can go further.

First, a solid piece of news. The development lab of Zcash just secured over $20 million in seed funding from Paradigm and a16z crypto. These two firms are highly influential in the crypto space, and being backed by both indicates that the technology behind ZEC is solid. With the funding in place, the development of Zodi Wallet and privacy tools will only accelerate.

Looking at on-chain data, the privacy pool of ZEC now holds $5.17 billion in assets, accounting for over 31% of the circulating supply. This number is steadily increasing, showing real usage rather than just hype. In the privacy sector, Zcash is a veteran leader, and its user base is gradually growing.

From a technical perspective, the chart supports further upward movement. On the 1-hour chart, the price has broken above the MA7, MA25, and MA99, with all moving averages in a bullish alignment. The MACD's DIF and DEA are both above zero, with the red histogram bars expanding. Trading volume has significantly increased, with over $15 million in USDT traded in the past hour, indicating genuine buying interest.

Derivatives data shows a slightly bearish bias, with some net inflow of funds into exchanges, which could bring some selling pressure. However, the overall trend remains a consolidation and gradual rise, with shallow pullbacks followed by slow gains.

My simple view is this: those already in the trade, don’t rush to sell—let the profits run a bit longer. For those looking to buy in, a small pullback could be a good entry point. This wave isn’t over yet. $ZEC ‌#加密市场行情震荡