🔒 Zcash (ZEC) spotlight
ZEC trades near $985, down ~4% in 24h and ~25% over the past week after its run to a $1,697 all-time high in September. It bounced off its Nov 11 low near $951 — support sits around $889, with resistance near $1,349.
📰 Fresh news: Zcash holders vote Nov 16–30 on pulling 50,000 ZEC (~$50M) from the grants treasury into the fee-recycling mechanism — a big governance moment just days after the NU7 upgrade cut block times to 25 seconds.
📊 Market context: Bitcoin holds near $73,600, roughly flat, while Ethereum trades around $2,050, down ~0.5% — the wider market is steady, so ZEC's move is its own story.
Takeaway: ZEC is cooling after a wild run — watch the $951 low; holding it keeps the bounce alive. DYOR.
#ZEC #BTC #ETH
ZEC trades near $985, down ~4% in 24h and ~25% over the past week after its run to a $1,697 all-time high in September. It bounced off its Nov 11 low near $951 — support sits around $889, with resistance near $1,349.
📰 Fresh news: Zcash holders vote Nov 16–30 on pulling 50,000 ZEC (~$50M) from the grants treasury into the fee-recycling mechanism — a big governance moment just days after the NU7 upgrade cut block times to 25 seconds.
📊 Market context: Bitcoin holds near $73,600, roughly flat, while Ethereum trades around $2,050, down ~0.5% — the wider market is steady, so ZEC's move is its own story.
Takeaway: ZEC is cooling after a wild run — watch the $951 low; holding it keeps the bounce alive. DYOR.
#ZEC #BTC #ETH
