$ZEC is trading at 1,270.21 (+1.99%) and remains above the moving averages across all timeframes: on the 4h chart, it is above EMA(21) at 1,256.61, EMA(50) at 1,251.85, and EMA(200) at 1,242.40.
Background: the NU7 upgrade on the Zcash mainnet is scheduled for November 5. Changes include reducing block time from 75 to 25 seconds and disabling old v4 transactions. Developers made the final decision on October 20; confirmation should be checked.
Spot: over 24 hours, inflows +8 724 ZEC, large orders +2 573, medium orders +4 296. Over 5 days, still -2 654 ZEC.
Futures: open interest 550.6 → 542.3 million $ (about -1.5%), possibly indicating some short positions closing. Retail long-short ratio 0.79 and top traders by accounts 0.78 (more short accounts), but top traders by positions 1.28 (longs). Funding +0.00967%, neutral.
1h: price above EMA(21) 1 252.72 and EMA(50) 1 252.95, Supertrend 1 229.86, RSI(6) 64.46.
4h: Supertrend buy signal from 1 208.23, RSI(6) 59.72.
1d: above EMA(21) 1 247.65, EMA(50) 1 211.62 and EMA(200) 843.20, RSI(6) 55.61.
🟢 If the 1 250–1 256 zone holds, a move to 1 290 and 1 320 is possible.
🔴 If EMA(200) 1 242 is lost on the 4h chart, there is a risk of a pullback to 1 210, then 1 180.
My position: potential Long
Are you entering ZEC before the upgrade or waiting until after?
