ZEC is at about $1,315–1,317, up 2.2–2.9% over 24h. The 24h range is $1,271–1,347. The NU7 network upgrade went live today, after a 9–11% rally on Wednesday. Key question today: does ZEC hold $1,300 or sell off now that the upgrade news is out?
Technicals
Price is above the 20-day EMA ($1,239), the 50-day EMA ($1,210) and the 200-day EMA ($855). No data on the 100-day.
Daily RSI(14) is ~54 and rising, neutral. The MACD histogram is positive, but the MACD line is still below zero.
Resistance: $1,342–1,350, $1,370 (breakout trigger), $1,379, $1,396–1,400.
Support: $1,270, $1,243, $1,222, $1,158. A daily close below $1,117 cancels the recovery.
Fundamentals & on-chain
Shielded supply: 4.98M ZEC, or 29.3% of supply, is held in private (shielded) pools (zecstats).
NU7: block time drops from 75s to 25s, and the reward per block falls to a third, so issuance per day is unchanged. The oldest private pool, Sprout, is frozen, leaving ~12.2K ZEC (~$16M) unspendable.
ETF: Grayscale’s ZCSH took in +$3.43M on Nov 4. Cumulative inflows are $218M and assets ~$757M.
Regulation: EU anti-money-laundering rules require regulated EU platforms to stop servicing ZEC from Jul 10, 2027. No new delistings in the last 24h.
Hashrate: no fresh data. The last record was 16.3 GH/s in May.
Derivatives: open interest is $2.95B, up from $2.23B in September. No current data on funding or liquidations.
Top news
NU7 activated at block 3,543,405.
ZEC rose 9–11% on Wednesday ahead of the upgrade and is holding around $1,315.
ZCSH ETF inflow of +$3.43M on Nov 4.
Zcash Community Grants withdrew its 98K ZEC funding proposal. A rival 50K ZEC lockbox proposal is still pending.
The Motley Fool warns of a sell-the-news reaction to the upgrade.
Forecasts
🟢 Bullish: a break above $1,370 could trigger a short squeeze → $1,400.
⚪ Base: $1,270–1,350 if ZEC holds $1,300.
🔴 Bearish: a sell-the-news drop below $1,222 → $1,117–1,160.
Analyst views: U.Today wants a confirmed close above $1,300, with targets of $1,350 and $1,400. The Motley Fool doubts NU7 will move the price much. The Crypto Basic says the recovery holds while ZEC stays above $1,117.
Upcoming events (Chisinau time)
Fri, Nov 6, ~05:00: ZCSH ETF flow data for Nov 5 (estimated time).
Fri, Nov 6, 15:30: October NFP jobs report.
Tue, Nov 10, 15:30: October CPI.