ZEC has recently caused a big stir. The SEC has notified the Zcash Foundation that enforcement action may be recommended, and this over-two-year investigation has finally come to an end. Once the news broke, the ZEC price soared directly, once reaching $438.44, an increase of over 5%.

However, opinions within the community about the next market trend vary. Some analysts, like Daniel Ramsey, are very optimistic when looking at the charts, pointing out that the current formation of a "bullish pennant" could be a sign of a significant breakout, seemingly hinting at opportunities ahead. But there are also cautious voices; for example, Crypto Tony suggests waiting and not rushing in. He believes a better entry point might be around $290, and to buy after a pullback. Both sides have their reasons, and whether to believe one or the other really depends on individual judgment.