Zcash (ZEC) Faces Sell-the-News Risk Ahead of the NU7 Upgrade

Analyst warns ZEC could fall another 50–70% after its reported 10,500% two-year rally, maintaining a bearish outlook below $1,699. Ardi identifies $1,370 as the key breakout level, with a move above it potentially opening 1,500–1,700. ZEC consolidates near 1,250–1,260, with support at $1,160 and $1,100; losing $1,100 could expose further downside. Zcash faces competing price forecasts ahead of its NU7 mainnet upgrade, expected around November 5–6. Analyst Crypto Patel warned that ZEC could correct another 50–70% after its reported 10,500% two-year rally. Meanwhile, analyst Ardi identified $1,370 as the immediate breakout level separating a potential recovery from further downside.

Source: Crypto Front News