$ZEC at $363, are you jumping in?

The SEC just loosened its grip, investigation over, no charges filed. Privacy pools hit a record high of $5.18 billion, Grayscale was the first to apply for an ETF, Foundry is launching institutional mining pools, even Arthur Hayes is getting involved— but what about the price? Today it just dropped 1.34%, bulls and bears are tearing each other apart around 360. Is this a true king’s return for privacy veterans, or the last chance to escape?

First, look at the surface: bullish signals piling up, but the price is wavering.

In the past 24 hours, ZEC fell from 364 to 359, a 1.34% drop, with a market cap of $6 billion, and a 24-hour trading volume of $527 million, accounting for 8.75% of market cap—volume is up, but no price increase.

First thing: the SEC’s sword is finally lowered.

April 13, 2026, remember this day. The SEC’s investigation into the Zcash Foundation over nearly two years has officially ended, with no enforcement actions. This means that previously, institutions dared not touch ZEC for fear of regulatory fines killing the project. Now, the biggest threat has been blown up, but it’s the shorts’ position that’s been destroyed.

Second, institutions are not fools—they’re rushing to buy.

Grayscale has submitted the first-ever ETF application for a privacy coin—Zcash Trust converting to a spot ETF. If approved, an estimated $2 to $2B in institutional funds will flow in. Foundry, the world’s largest Bitcoin mining pool, launched an institutional ZEC mining pool in April. Cypherpunk has directly bought 1.43% of the total supply. Arthur Hayes’ Maelstrom Fund is also quietly increasing its holdings.

Third, on-chain data is exploding, but someone is dumping.

Shielded pool size has surpassed $5.18 billion, accounting for 31% of circulating supply, quadrupling since early 2024. Shielded transactions account for over 59%, showing real users are using it, and genuine privacy needs are exploding. But at the same time, selling pressure is mounting—whales are dumping, bears are opening positions collectively, MACD just turned negative, RSI dropped to 34.44, nearing oversold territory.

One side: SEC easing, institutional buying, privacy pools hitting new highs.

The other side: heavy dumping, technical weakness, bulls and bears battling at 360.

Key zone: 355-360, the last bottom line for bulls and bears.

If you’re a short-term trader: try long near 360 or support at 355, set a stop-loss at 350, if it breaks, exit, target 400 to 420.

If you’re a long-term investor: start building positions gradually between 355 and 340. If the ETF gets approved and institutional pools open, this could see 600 to 850.

ZEC now is like SOL in 2020—those who don’t understand think privacy coins are doomed; those who do are already counting the zeros after ETF approval. #加密市场回升 #Gate广场四月发帖挑战 $ZEC