$ZEC bought the dip to $800 and climbed back above $900 ahead of an important vote on November 16 📊
While the whole market weathered Sunday's storm, Zcash ($ZEC ) showed its mettle: after a morning dip into the $800–$839 zone, buyers quickly pushed the price back to $900–$918.
The main drivers for the coming days:
🔹 Voting starts tomorrow (November 16). The community will decide the fate of 50,000 ZEC (~55% of the grant treasury, about $48 million). The proposal calls for removing these coins from free circulation and placing them in a reserve for future miner rewards — this would significantly reduce potential selling pressure.
🔹 Key levels: A strong support zone and buy walls have formed around $805–$845. For the bounce to continue, the bulls need to break through $933–$950 and reclaim the psychological $1,000 level.
🔹 My plan: I'm trading without using much leverage. I'll be watching how volume reacts when voting starts on Monday.
This is not financial advice (DYOR). Protect your deposits!
What do you think: will the news about removing 50,000 $ZEC help the coin climb back above $1,000 next week? 👇
If you found this analysis useful, I'd appreciate a symbolic coffee via the “Tip” button below! Wishing everyone profits ☕️🚀
#ZEC #Zcash #Privacy #BinanceSquare
While the whole market weathered Sunday's storm, Zcash ($ZEC ) showed its mettle: after a morning dip into the $800–$839 zone, buyers quickly pushed the price back to $900–$918.
The main drivers for the coming days:
🔹 Voting starts tomorrow (November 16). The community will decide the fate of 50,000 ZEC (~55% of the grant treasury, about $48 million). The proposal calls for removing these coins from free circulation and placing them in a reserve for future miner rewards — this would significantly reduce potential selling pressure.
🔹 Key levels: A strong support zone and buy walls have formed around $805–$845. For the bounce to continue, the bulls need to break through $933–$950 and reclaim the psychological $1,000 level.
🔹 My plan: I'm trading without using much leverage. I'll be watching how volume reacts when voting starts on Monday.
This is not financial advice (DYOR). Protect your deposits!
What do you think: will the news about removing 50,000 $ZEC help the coin climb back above $1,000 next week? 👇
If you found this analysis useful, I'd appreciate a symbolic coffee via the “Tip” button below! Wishing everyone profits ☕️🚀
#ZEC #Zcash #Privacy #BinanceSquare