This move from the ash trend really doesn’t give you even a chance for a pullback.
A few days ago we were talking about that wick from 1300 down to 1050, but in the blink of an eye it turned into a V-shaped reversal. Today it directly broke through $1480, hitting a new all-time high—up nearly 20% in 24 hours. This isn’t just a simple oversold rebound anymore; it’s real positive news coming to fruition.
The key driving force is the NU7 upgrade.
The development team has already confirmed that the NU7 mainnet upgrade plan will take place on November 5. Core developer Sean Bowe said the testnet activation will be on October 6, and the final decision on the mainnet deployment will be made on October 20. This is essentially a done deal.
What exactly did NU7 change? The most straightforward item: the block interval was shortened from 75 seconds directly to 25 seconds. This means Zcash’s transaction throughput increases threefold, and efficiency will improve significantly. It also introduces the “Network Sustainability Mechanism” (NSM). While maintaining the halving cycle, starting from February 2031 it will gradually release previously removed token supply. In simple terms, it’s designed to make the network’s long-term operation healthier.
The community consensus behind this upgrade is extremely strong—99.9% voted in favor of shortening the block time, and 98.9% approved keeping the current halving model. In the crypto world, a level of consensus like this in itself indicates something.
Looking at the order book as well, it’s completely a standard bullish structure.
At the moment, the ZEC price is around 1460; the 50-day EMA is 869, the 100-day is 710, and the 200-day is 571. All three moving averages are below the price, and the gaps between them are quite large. Support is at 1005; short-term resistance is at 1800. The target price given by technical analyst Ali Charts is also 1800.
But there’s one detail to pay attention to: open futures contracts jumped from 1.76 million to 2.3 million, and the funding rate has been negative for two consecutive days. A negative funding rate usually means longs are crowded, or shorts are unwilling to pay compensation—there is a risk of a pullback and washout in the short term. The RSI is also already at 71, entering an overbought zone.
The logic right now is very clear: long term, it’s about the narrative; short term, it’s about sentiment.
Zcash’s fundamentals are indeed improving. The privacy coin sector’s overall trading volume is up 213% versus the Bitcoin rally period in October 2025, and ZEC is clearly the biggest beneficiary. On top of that, the ETF capital channel has already opened (previously, the Grayscale ZEC ETF size exceeded $500 million). With institutional narrative and privacy narrative reinforcing each other, it provides the confidence for ZEC to run an independent trend.
But in the short term, pay attention to the timing. The overall market is not doing well—Bitcoin is struggling around 76,000. The Fed has just raised interest rates, and macro pressure is still there. For ZEC to set new highs against the tide in such an environment suggests that funds are concentrating and going long on this direction. However, once the sentiment behind this “one-way long” cools off, any pullback could be very fierce.
If you already have positions, you can continue holding, but it’s recommended to move your line of defense up a bit—e.g., refer to the key support level at 1005. If you’re currently out of the market and want to chase, don’t rush to get in at this 1480 level—wait for a pullback to confirm the support before acting. With the RSI overbought and the funding rate negative, the risk-reward of chasing highs in the short term is not very attractive.
This ZEC move—at this point it’s not a question of “whether it can rise,” but “how long it can keep going.” Don’t get carried away; protecting profits matters more than anything.
Risk Warning: The above content is an objective整理 based on publicly available market data and does not constitute any investment advice. ZEC has been experiencing extremely large recent fluctuations, and contract open interest is at a high level—both directions liquidation risks cannot be ignored. Investing involves risk; proceed cautiously when entering the market.$ZEC $BNB #币安广场