Zcash just made its blocks 3x faster. So why did price get rejected right at the ceiling?
NU7 went live on Nov 6: block time cut from 75s to 25s, and 60% of fees now flow into a reserve for future miners instead of being paid out instantly. That's a real supply-side change, not a marketing tweak.
Yet $ZEC tagged $1,388 and got pushed back to around $1,323. The $1,350-$1,388 zone capped price all through October, and liquidation maps showed heavy shorts stacked right there. Upgrades often get "sold on the news" because the crowd buys the event, not the adoption.
Levels I'm watching: a daily close above $1,388 opens the road to $1,500. Lose $1,240 support and the $1,120 weekly low is back in play.
Privacy is the narrative regulators hate and markets keep coming back to. Is NU7 the start of a real re-rating, or just another squeeze setup?
Not financial advice.
#Zcash #ZEC #PrivacyCoins #CryptoMarket #Altcoins
NU7 went live on Nov 6: block time cut from 75s to 25s, and 60% of fees now flow into a reserve for future miners instead of being paid out instantly. That's a real supply-side change, not a marketing tweak.
Yet $ZEC tagged $1,388 and got pushed back to around $1,323. The $1,350-$1,388 zone capped price all through October, and liquidation maps showed heavy shorts stacked right there. Upgrades often get "sold on the news" because the crowd buys the event, not the adoption.
Levels I'm watching: a daily close above $1,388 opens the road to $1,500. Lose $1,240 support and the $1,120 weekly low is back in play.
Privacy is the narrative regulators hate and markets keep coming back to. Is NU7 the start of a real re-rating, or just another squeeze setup?
Not financial advice.
#Zcash #ZEC #PrivacyCoins #CryptoMarket #Altcoins
