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Recently, discussions about the Altcoin Season remain hot, with many investors eager to find low-priced assets to participate in the market. However, it should be reminded that not all low-priced coins are worth attention. ZEC is a typical "trap"—it has already multiplied several times in the early stage and is now in a downward trend, appearing cheap but actually hiding risks.
Why is that? Let's first understand the operational logic of the Altcoin Season. The assets that can truly stand out have three characteristics: first, they have a solid ecological foundation; second, there is continuous capital inflow; third, the trend is clearly upward. Those that have already been hyped and where the main players have withdrawn are likely to perform sluggishly even during the Altcoin Season—while others stay flat when they rise, they fall even harder when they decline. ZEC is exactly in this stage; after multiplying several times within the past 90 days, it is now entering the main players' distribution phase.
From a technical perspective, ZEC's short-term moving averages, MACD, and RSI indicators are all weakening, forming a clear downtrend. In the crypto market, the power of trend is unstoppable. Under this context, any rebound is more likely to be a distribution opportunity created by the main players rather than a signal for bottom-fishing.
The capital aspect also does not support optimism. Data shows that ZEC's main capital net outflow has exceeded $100 million. Conversely, retail investor funds are still flowing in continuously—this is a typical sign of "smart money fleeing while retail investors are left holding the bag." While opportunities in the Altcoin Season do exist, instead of spending time and capital on assets like ZEC, it’s better to shift focus to emerging assets with genuine growth logic, healthy capital flow, and upward trends.