🚨 ZEC: Can the Upcoming NU7 Upgrade Reverse the Bearish Trend?
Zcash is facing short-term selling pressure, with its price trading around the $1,150–$1,200 region on November 3.
However, an important development is approaching: the NU7 network upgrade, expected around November 5, aims to reduce block times from 75 seconds to 25 seconds.
📊 Important Levels:
Support: $1,122–$1,100
Resistance: $1,170
Major resistance: $1,210–$1,275
🟢 Bullish Outlook: A successful upgrade, stronger buying volume and a recovery above $1,235 could improve market sentiment.
🔴 Bearish Outlook: Losing the $1,122 support zone could expose ZEC to further downside.
For now, the technical picture remains bearish, despite encouraging project developments.
The big question: Can Zcash turn its upcoming network upgrade into a genuine market recovery, or will selling pressure continue?
$ZEC $BTC
#Zcash #CryptoAnalysis #Altcoins #Bitcoin #CryptoMarket
Zcash is facing short-term selling pressure, with its price trading around the $1,150–$1,200 region on November 3.
However, an important development is approaching: the NU7 network upgrade, expected around November 5, aims to reduce block times from 75 seconds to 25 seconds.
📊 Important Levels:
Support: $1,122–$1,100
Resistance: $1,170
Major resistance: $1,210–$1,275
🟢 Bullish Outlook: A successful upgrade, stronger buying volume and a recovery above $1,235 could improve market sentiment.
🔴 Bearish Outlook: Losing the $1,122 support zone could expose ZEC to further downside.
For now, the technical picture remains bearish, despite encouraging project developments.
The big question: Can Zcash turn its upcoming network upgrade into a genuine market recovery, or will selling pressure continue?
$ZEC $BTC
#Zcash #CryptoAnalysis #Altcoins #Bitcoin #CryptoMarket
