$375 for $ZEC , do you want to chase?

A weekly surge of 55%, a 899% increase in a year, directly from $250 to $375, market cap back in the top 20, ZEC in the Shielded Pool exceeds 30%, hitting a new all-time high—yet in the past 10 hours, $4.42 million net outflow, RSI dropped straight from 69 to 49, the $390-$400 resistance level feels like a wall, holding the price down tightly. Is this the return of the privacy sector’s king, or the final feast for the last bagholders?
First, look at the surface: the rise makes you doubt life
In the past 7 days, ZEC rose 55%, 30 days 78%, a year 899%. Grayscale has submitted an application for a ZEC trust converting to a spot ETF, market expectations are generally for approval in Q2. SEC’s two-year investigation into the Zcash Foundation concluded with an acquittal in January. The world’s largest BTC mining pool officially launched a ZEC institutional mining pool in April—this is the first time top-tier mining pools openly support privacy coins.
First thing: the wall is right above your head
$390 to $400 is the most critical level for ZEC now. When the price hits here, it gets hammered down, high levels keep moving lower, trading volume shrinks, and many shadow lines appear on the candlesticks—sellers are desperately defending this level, pushing the price back whenever it tries to rise. RSI plummeted from 69.39 to 49.45, buying momentum was cut in half within 4 hours.
Second thing: money is flowing out
In the past 10 hours, $4.42 million net outflow. This