After rising 147% year to date, Zcash is showing short-term selling pressure, while Bitcoin and Ethereum are testing key support levels. The ZEC daily chart remains relatively strong, but a sustained break below support near $1,249 could lead to a decline to $1,131. If Bitcoin falls below $74,845, it could drop to $73,253; Ethereum’s immediate support is at $2,197. A simultaneous break below these support levels would reinforce the view that the cryptocurrency market faces a broader sell-off. However, Zcash’s NU7 network upgrade went live this week and could trigger ZEC-specific volatility.
