Zcash rebounds to $1,359 on NU7 upgrade hopes, tests $1,430 resistance
- —NU7 would cut ZEC block times from 75 to 25 seconds
- —Activation height set at 3,543,405, targeted for around Nov. 5
- —60% of fees to reissuance mechanism, 40% to miners
- —Resistance at $1,430, support at $1,227, downside risk to $1,000
Why it matters: The upgrade would speed up transaction confirmations; a break above $1,430 could open the path to $1,500, while failure may send ZEC back to $1,227.
Source: Blockmedia