Zcash Surges 10% as NU7 Upgrade Puts Key Resistance in Focus
Photo: ETHNews
Zcash gained double digits on November 4, approaching the upper boundary of its recent consolidation range. The recovery above the 50-day moving average strengthens the short-term technical picture, but resistance remains intact. Network Upgrade 7 will shorten target block intervals and introduce a mechanism to reserve transaction fees for future mining rewards. Zcash (ZEC) surged 10.59% on Wednesday, November 4, as traders assessed a major network upgrade scheduled for the following day and a potential breakout from the cryptocurrency’s October trading range. ZEC advanced $128.98 to $1,346.65 on Coinbase, according to the TradingView daily chart .
Source: ETHNews
