🟢 $ZEC is trying to regain strength
Zcash is trading near $1,372, and with Grayscale outflows easing and momentum improving, the picture is starting to look a little better.
The key level now is resistance at $1,377–$1,384, the 50 and 100 EMAs on the 4-hour chart. Breaking through and holding above this range could open the way to $1,422, followed by $1,679 if momentum continues.
Meanwhile, the NU7 upgrade has begun on the Public Testnet, with a decision on Mainnet activation set for October 20 and a target date of November 5.
In my view, $ZEC is worth watching here, especially since it’s close to a breakout. But the breakout itself is the real confirmation—not just improving indicators.
Zcash is trading near $1,372, and with Grayscale outflows easing and momentum improving, the picture is starting to look a little better.
The key level now is resistance at $1,377–$1,384, the 50 and 100 EMAs on the 4-hour chart. Breaking through and holding above this range could open the way to $1,422, followed by $1,679 if momentum continues.
Meanwhile, the NU7 upgrade has begun on the Public Testnet, with a decision on Mainnet activation set for October 20 and a target date of November 5.
In my view, $ZEC is worth watching here, especially since it’s close to a breakout. But the breakout itself is the real confirmation—not just improving indicators.