Recently, there have been some interesting on-chain movements. ZEC is currently priced at $517.8, with a 24-hour increase of over 17%, and the candlestick chart is showing quite a strong upward trend. In terms of circulating supply, the pressure on the supply side has indeed eased significantly after the halving, and the privacy sector is also gaining more attention from institutions. On-chain data shows that a large holder bought 500 coins in one go a couple of days ago. Such large single purchases are usually not something retail investors can do.

DOT's performance is also impressive, rising from $1.89 to $2. The driving forces behind this come from two directions: first, the zero Gas fee upgrade is now in countdown; second, the locked-in amount within the ecosystem has increased by 20% in 24 hours. According to community feedback, many long-term holders are positioning themselves at this level.

From a technical perspective: for ZEC, $500 is a key support level. If broken, it may accelerate downward; resistance above is around $530. For DOT, $1.72 is relatively safe, but caution is needed if it breaks below that; if the psychological barrier of $2 is broken, there could be some room for short-term gains.

It’s important to note that such hot cryptocurrencies tend to be volatile. Keeping the position in a single asset within 5%-8% is more prudent. If you are currently paying attention to these two directions, it’s better to observe the distribution of chips on-chain and the movements of large holders, which are often more valuable than just looking at candlestick charts.