Cena @ZcashSOLZEC

$ZEC continues to face rejection around the 410–420 zone and is now retesting support near $395. Bulls did a solid job defending 370 earlier, soaking up sell pressure, but momentum looks shaky the Volume Delta has been flattening, showing less aggressive buying on each push above 400. As price rises, short positions keep stacking into the move. Whether it’s new shorts or trapped ones holding on. For bulls to stay in control, the 390–400 area needs to hold. A breakdown from here likely triggers a sweep of the range lows to flush out recent longs. Only a clean reclaim of $420 with strong acceptance shifts the structure back to neutral.

$ZEC has completed a sharp corrective move from the recent high and is now stabilizing above the 390–395 demand zone, which aligns closely with the EMA100 support. Price showed a strong reaction from this area, indicating buyers are actively defending this level. After the sell-off, price has started to form a short-term base with higher lows on the lower timeframe. The rejection wicks below 390 suggest selling pressure is weakening, and the market is attempting a relief move rather than immediate continuation lower. Sellers pushed price aggressively toward the 390 zone but failed to get sustained acceptance below it, showing exhaustion on the downside. As long as $ZEC holds above 385–390, the bullish scalp structure remains valid. A clean break and hold below 385 would invalidate this setup, but until then, a move toward nearby resistance remains the higher-probability play.

Dubai has rolled out a major update to its crypto rules. On January 12, the Dubai Financial Services Authority (DFSA) announced a full ban on privacy coins. With stricter rules for stablecoins inside the Dubai International Financial Centre (DIFC). The move is part of a wider reset of Dubai’s crypto framework. The goal is simple: reduce money laundering risks. Follow global standards. Also, make sure crypto firms play by clear rules. This change surprised many in the crypto world. The public has long seen Dubai as a friendly hub for digital assets. Now, the city is drawing a firm line between compliant crypto and high-risk tools. Privacy Coins Are Now Banned in DIFC Under the new rules, the DFSA no longer allows privacy coins in the DIFC. Specifically, this includes tokens like Monero (XMR) and Zcash (ZEC). In fact, they hide transaction details and wallet identities, which makes it very hard for regulators to track money flows. The DFSA has also banned privacy tools such as mixers and tumblers. These tools are often used to hide where funds come from or where they go. From now on, DFSA-licensed firms cannot trade, promote, manage or offer any product linked to privacy coins. This applies to spot trading, funds, derivatives and custody services. The regulator said privacy coins make it almost impossible to meet global AML and KYC rules. They also conflict with the FATF travel rule which requires crypto firms to track sender and receiver details. In short, if a token hides transactions, it is out. Stablecoins Must Be Fully Fiat-Backed Dubai is also tightening its stablecoin rules. Only fiat-backed stablecoins will now qualify as “approved” stablecoins. The law requires issuers to back these tokens with high-quality liquid reserves such as cash and government bonds. They must also prove that users can redeem them even during market stress. DFSA rules no longer consider algorithmic stablecoins as stablecoins. Regulators now treat tokens like Ethena’s USDe as regular crypto assets. The DFSA designed this change to protect investors and prevent another stablecoin collapse like Terra. Dubai wants stablecoins to behave like digital cash. No experiments and no risky designs. Firms Now Carry More Responsibility The DFSA is also changing the way it approves tokens. Before, the regulator kept a list of “recognized” tokens. That list is now gone. Instead, licensed firms must assess every token they offer. They must review its purpose, risks, governance, liquidity and compliance profile. Firms must publish their approved token lists and update them regularly. They are fully responsible if something goes wrong. This is a shift toward a market-led system. But it also comes with strict accountability. Market Reaction and What Comes Next The news led strong reactions on social media. Some traders worry Dubai is moving away from its crypto friendly image. Others say this will push privacy coin liquidity offshore. But regulators see it differently. Dubai wants to stay open for crypto. Just not for high-risk crypto.The city is aligning itself with global standards seen in Japan, South Korea and Europe. The focus is now on institutional-grade digital finance. Privacy coins may lose a major financial hub. But compliant crypto just gained a stronger one. Dubai is not leaving crypto. It is growing up with it. $USDC

$ZEC will go up