Zcash has made an interesting comeback after the recent sell-off.
According to Binance Spot data, $ZEC is trading around $1,225.91, up approximately 8.09% in the last 24 hours.
But here’s what I find interesting: the recovery is happening just before a major Zcash network development.
📊 Let’s look at the chart
Current price: $1,225.91
24H High: $1,245.13
24H Low: $1,120.03
24H Volume: $181.59M
Key levels I’m watching:
🔴 Resistance: $1,228–$1,245
Next resistance: $1,260–$1,285
🟢 First support: $1,185–$1,160
Major support: $1,120–$1,135
A convincing 4H close above $1,245 could strengthen the recovery. However, rejection around this area could bring another test of support.
🔥 The bigger story: NU7 Upgrade
Zcash’s upcoming NU7 upgrade is expected around November 5.
One of its biggest changes is reducing block intervals from 75 seconds to 25 seconds.
That’s an important network improvement. But remember, better technology doesn’t automatically mean an immediate increase in price.
My personal market view:
I’m cautiously optimistic about the short-term recovery, but I don’t consider this a confirmed breakout yet.
My suggestion: Don’t rush into a move simply because ZEC is showing an 8% gain. Watch the $1,245 level and see whether price can hold its recovery. Confirmation matters more than excitement.
One thing is certain: the coming days could be interesting for Zcash.
What’s your view?
Can ZEC reclaim $1,285, or will sellers defend the resistance?
#zcash #BinanceSquare #CryptoAnalysis #CryptoMarket