~12,200 $ZEC (about $16M) is about to be frozen forever in Zcash's oldest privacy pool.
What happened:
• The NU7 upgrade activates at block 3,543,405, estimated around 09:30 ICT Friday (timing depends on miners)
• It rejects v4 transactions, the only format that can spend Sprout coins. Anything left there becomes unspendable, even with the right keys
• Same upgrade cuts block time from 75s to 25s
Chart: $ZEC $1,320 on Binance, +18% from the Nov 3 low of $1,120. Support $1,275-1,285, then $1,200-1,220. Resistance $1,332-1,352, then $1,398. Wilder RSI 1D ~55 / 4H ~62.
Watch: a 4H close above $1,352 or below $1,275.
Upgrade day: sell the news or squeeze higher? Which side are you on?
#Zcash #ZEC #NU7 #CryptoNews
What happened:
• The NU7 upgrade activates at block 3,543,405, estimated around 09:30 ICT Friday (timing depends on miners)
• It rejects v4 transactions, the only format that can spend Sprout coins. Anything left there becomes unspendable, even with the right keys
• Same upgrade cuts block time from 75s to 25s
Chart: $ZEC $1,320 on Binance, +18% from the Nov 3 low of $1,120. Support $1,275-1,285, then $1,200-1,220. Resistance $1,332-1,352, then $1,398. Wilder RSI 1D ~55 / 4H ~62.
Watch: a 4H close above $1,352 or below $1,275.
Upgrade day: sell the news or squeeze higher? Which side are you on?
#Zcash #ZEC #NU7 #CryptoNews
