Everyone says NU7 was supposed to save ZEC. I don't buy it — upgrades don't set prices.
Q1: Didn't NU7 actually work?
It did — block times fell from 75 seconds to 25 on a 98.9% vote. The tape's verdict: ZEC is down about a third from its $1,380 post-upgrade high, near $933, lower every session since. It broke $1,000 for the first time since September, printing $880.50 on Friday.
Q2: So why isn't this a buy-the-dip?
I'm watching the flows, not the code. Grayscale's ZEC ETF bled about $30 million in November, and a $260,000 short squeeze that lifted ZEC 3% in an hour gave most back by the close. Buyers are absent, and BTC is testing its 200-week average near $67,800.
Q3: What settles it?
Support: $932, then $900, then $808. Resistance: $1,002, then $1,046. A daily close above $1,002 repairs the chart; losing $900 opens $808. What kills my read: faster blocks drawing real shielded volume.
What's your answer to Q2 — the ETF flows, or the $1,000 reclaim?
NFA, DYOR.
$ZEC $BTC #Zcash #PrivacyCoins #Bitcoin #NU7 #ZcashAnalysis
Q1: Didn't NU7 actually work?
It did — block times fell from 75 seconds to 25 on a 98.9% vote. The tape's verdict: ZEC is down about a third from its $1,380 post-upgrade high, near $933, lower every session since. It broke $1,000 for the first time since September, printing $880.50 on Friday.
Q2: So why isn't this a buy-the-dip?
I'm watching the flows, not the code. Grayscale's ZEC ETF bled about $30 million in November, and a $260,000 short squeeze that lifted ZEC 3% in an hour gave most back by the close. Buyers are absent, and BTC is testing its 200-week average near $67,800.
Q3: What settles it?
Support: $932, then $900, then $808. Resistance: $1,002, then $1,046. A daily close above $1,002 repairs the chart; losing $900 opens $808. What kills my read: faster blocks drawing real shielded volume.
What's your answer to Q2 — the ETF flows, or the $1,000 reclaim?
NFA, DYOR.
$ZEC $BTC #Zcash #PrivacyCoins #Bitcoin #NU7 #ZcashAnalysis
