$ZAMA Zama (ZAMA) is a high-conviction infrastructure project in the "Privacy-as-a-Service" sector. It aims to become the "HTTPS of Blockchains" by making Fully Homomorphic Encryption (FHE) practical for decentralized finance (DeFi) and AI.
As of February 2026, the token has recently entered a volatile "price discovery" phase following its major exchange listings.
Technical Analysis (Candle Chart Narrative)
Since its Token Generation Event (TGE) on February 2, 2026, the ZAMA candle chart has shown a classic "launch-and-stabilize" pattern:The Visual Breakdown
Resistance: A strong psychological and technical ceiling exists at $0.032. The chart shows "wicking out" whenever it approaches this level.
Support: The market has established a firm base at $0.017. A daily close below this would be a bearish signal.
Volume Profile: Trading volume remains high (avg. $350M+ daily), indicating high liquidity and institutional interest despite the price drop from the ATH.
Fundamental Core
What is FHE?
Fully Homomorphic Encryption allows data to be processed while it is still encrypted. In crypto terms, a smart contract can calculate your balance or execute a trade without the protocol (or the public) ever seeing the actual numbers.
Utility: ZAMA is used for gas fees, staking (Delegated Proof-of-Stake), and governance.
Deflationary Pressure: A "burn-and-mint" model exists where protocol fees (for encryption/decryption) lead to token burns.
Supply Dynamics: Total supply is 11 Billion, but only ~20% is currently circulating. This "low float" makes it susceptible to sharp pumps and dumps.
The Verdict
Zama is a long-term infrastructure play. The current "red" candles reflect a standard post-listing correction rather than a failure of the tech. If the protocol successfully integrates with major L1s (like Ethereum or Solana) for private stablecoin transfers, the "utility demand" could flip the chart bullish.
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