ZEC has dropped quite sharply over the past two weeks, with a total loss of 40%, but it has recently shown some signs of recovery. Looking at the 4-hour K-line, it is indeed stopping the decline and rebounding, and the 1-hour chart is even starting to surge strongly. Funds are also gradually flowing back into the privacy coin sector.

From a technical perspective, the 100-day moving average (380-390 USD has formed a relatively clear support, and this level is holding up pretty well.

If you want to enter a long position, wait until the 4-hour chart stabilizes and closes above the 404-420 USD range before going in. This level is relatively safer.

Regarding targets, the first target is 452 USD, and the second target is 480 USD. Place your stop-loss at 390 USD to prevent false breakouts from crashing down.

The popularity of privacy coins has indeed been lower recently, but there are signs of capital recovery, and this rebound might present some opportunities.