Yesterday's hero is today's biggest loser — did $ZEC just hand back the whole NU7 rally?
$ZEC is down about 6.8% near $1,264 on roughly $881M in volume, one of the sharpest slides on the board today. Just yesterday it jumped past $1,370 when the NU7 upgrade went live, cutting block times from 75 to 25 seconds. No fresh bad news on the coin itself — this looks like profit-taking after that pop, helped along by the same risk-off mood that pushed the Fear & Greed Index to 25.
$BTC, for contrast, is holding near $75,836, up about 0.7%, so this is its own pullback, not the market dragging it down.
The level I'm watching is $1,260, right around today's low. Hold it and dip buyers probably step back in; lose it and $1,185 is the next stop traders will eye. Are you buying this dip, or waiting to see if the NU7 excitement is fully unwound?
#Zcash #CryptoMarket #BinanceSquare
$ZEC is down about 6.8% near $1,264 on roughly $881M in volume, one of the sharpest slides on the board today. Just yesterday it jumped past $1,370 when the NU7 upgrade went live, cutting block times from 75 to 25 seconds. No fresh bad news on the coin itself — this looks like profit-taking after that pop, helped along by the same risk-off mood that pushed the Fear & Greed Index to 25.
$BTC, for contrast, is holding near $75,836, up about 0.7%, so this is its own pullback, not the market dragging it down.
The level I'm watching is $1,260, right around today's low. Hold it and dip buyers probably step back in; lose it and $1,185 is the next stop traders will eye. Are you buying this dip, or waiting to see if the NU7 excitement is fully unwound?
#Zcash #CryptoMarket #BinanceSquare