I’ve looked at the current situation with Zcash. My conclusion: $ZEC is at a difficult point right now. After a strong rally, the market shifted to profit-taking, and buyers have yet to regain control of the price action.
Here’s where things stand as of November 13:
The price is around $950–960. The short-term momentum remains bearish, but the RSI indicators are already approaching oversold territory. This increases the likelihood of a technical rebound, although by itself it does not yet signal a reversal.
The levels I'm watching:
$930–900 — the nearest important support zone.
$750–790 — the next area if sellers keep up the pressure.
$970–1,000 — the first zone buyers need to reclaim.
$1,050 — the next target if the price recovers.
What could give ZEC additional momentum?
On November 5, the major NU7 network upgrade went live: block times were reduced from 75 to 25 seconds. A vote on a proposal to withdraw 50,000 ZEC from the grants fund treasury is also scheduled to begin on November 16. This could be an interesting factor for the coin's supply, but no decision has been made yet.
My outlook for the next few days:
The base case is an attempt to stabilize, with a possible bounce toward $970–1,000. If the price holds above this area, the way opens toward $1,050.
But if ZEC loses support at $900, I wouldn't rush to buy: the likelihood of a move toward $790 and lower would then increase.
The project has technological upgrades and real reasons to stay on the market's radar. But personally, I'd prefer to wait for confirmation from buyers rather than try to catch a falling price.
I'd be interested to hear your take: is this a temporary correction before another move up, or is ZEC gearing up for a deeper drop?
This is my market scenario, not a guarantee of price movement.