Zcash is facing an important moment. The technology is improving, but the price trend still needs confirmation.

Here’s what I’m watching.

1️⃣ ZEC IS STILL UNDER PRESSURE

ZEC has dropped approximately 20.9% over the past week, while Bitcoin has also declined around 20.4%.

This shows broader market weakness rather than an isolated Zcash problem.

2️⃣ KEY PRICE LEVELS TO WATCH

Here are the important zones from the latest technical snapshot:

🔹 $933 — First resistance

🔹 $1,000 — Major psychological resistance

🔹 $870–$882 — Important support zone

🔹 $808 — Major downside level

A recovery above $933 could improve short-term sentiment. However, losing the $870 area would increase downside risk.

3️⃣ NOVEMBER 16–30: GOVERNANCE MATTERS

The upcoming Zcash community poll concerns a proposal involving 50,000 ZEC from the Community Grants treasury.

This could influence future development funding and community sentiment.

Remember, the poll is non-binding. It does not automatically remove 50,000 ZEC from circulation.

4️⃣ NU7 UPGRADE IS ALREADY

Z cash activated NU7 on November 6.

One major improvement reduced the target block interval from 75 seconds to 25 seconds.

That’s meaningful technical progress, but better technology does not guarantee an immediate price increase.

MY MARKET VIEW:

I’m cautiously bearish in the short term until ZEC shows stronger buying pressure.

For a bullish recovery, I want to see:

• Support holding around $870–$882

• A convincing move above $933

• Stronger trading volume

If support breaks, the $808 area becomes an important downside reference.

I’m watching both the technical picture and upcoming governance developments before making any bullish predictions.

WHAT’S YOUR VIEW?

Can ZEC reclaim $1,000, or will sellers remain in control?

ZEC

891.57

+2.74%

#Zcash

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