An upgrade went live this morning and the chart barely noticed — or did it? $ZEC is one of the only top-10 names holding green today, up about 1% near $1,319 while $BTC slides 4.7% to $75,907.
The catalyst is real: $ZEC's NU7 upgrade activated at block 3,543,405, cutting block times from 75 seconds to 25. Faster confirmations, same issuance — yet the market is treating it as a sell-the-news day so far, with $ZEC still stuck inside its recent range.
I'm watching $1,322: an hourly close above it would be the first real sign of strength. Lose $1,277 on a daily close and the bullish structure starts to crack, with $1,102 as the next floor. Volume is heavy at $1.4B, so this isn't a quiet drift.
Is NU7 the spark privacy coins needed, or just noise on a red day?
#Zcash #CryptoMarket #BinanceSquare
The catalyst is real: $ZEC's NU7 upgrade activated at block 3,543,405, cutting block times from 75 seconds to 25. Faster confirmations, same issuance — yet the market is treating it as a sell-the-news day so far, with $ZEC still stuck inside its recent range.
I'm watching $1,322: an hourly close above it would be the first real sign of strength. Lose $1,277 on a daily close and the bullish structure starts to crack, with $1,102 as the next floor. Volume is heavy at $1.4B, so this isn't a quiet drift.
Is NU7 the spark privacy coins needed, or just noise on a red day?
#Zcash #CryptoMarket #BinanceSquare