ZEC's recent performance has attracted market attention. From a technical perspective, this coin is brewing some interesting changes.

Looking at the 1-hour K-line chart, the price is currently moving near the middle band of the Bollinger Bands. The lower band has formed effective support, while the upper band indicates a possible breakout direction. Although the MACD indicator is still below the zero line, the green bars are gradually shrinking—often a sign that the bearish momentum is waning and the bulls are starting to gather strength. The market is like accumulating potential energy; once conditions are right, a strong reaction may occur.

On-chain data performance is even more noteworthy. Recently, the number of active addresses for ZEC has been increasing, indicating that more participants are entering this ecosystem. This increased engagement usually leads to stronger market demand. Additionally, the proportion of addresses holding ZEC long-term is also rising, reflecting growing confidence among holders—they are not only focused on short-term price movements but also optimistic about ZEC's long-term development prospects.

From an ecosystem development perspective, the ZEC team is continuously advancing technological iterations and expanding applications. Recently, they announced a partnership with a well-known blockchain project, which will integrate resources from both sides to create more application scenarios and attract more users for ZEC. If the collaboration progresses smoothly, it should boost ZEC's ecosystem expansion.

Overall, ZEC is currently at an interesting position—positive signals from the technical side, increasing on-chain participation, and expanding ecosystem. These factors combined may indicate that there will be noteworthy market movements ahead. Of course, the crypto market is always full of uncertainties, and any investment decision requires careful risk assessment.