Zcash Network Upgrade Sparks False Block Halt Claims
- Rumors Post-Upgrade: Following Zcash's Orchard security upgrade, claims emerged that no blocks had been produced for over four hours; however, subsequent checks revealed that infrastructure was functioning normally, with the last block updated minutes earlier, indicating no actual network halt.
- Infrastructure Sync Confirmed: Both Trezor Zcash Blockbook and Blockchair showed that the backend was synchronized and the mempool was in sync, with recent chain activity confirming the network's ongoing operation, effectively debunking the halt claims.
- Kraken Maintenance Confusion: On June 3, Kraken conducted maintenance on ZEC deposits and withdrawals, with deposits resuming first while some earlier transactions required fixes, likely contributing to user confusion regarding the network status.
- Orchard Vulnerability Fixed: The Orchard vulnerability was successfully addressed through a soft fork followed by a hard fork network upgrade, with Zcash Open Development Lab confirming no evidence of exploitation, ensuring user funds remained safe and privacy intact while transactions continued uninterrupted.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for ZEC
Technical Sentiment Analysis for Zcash (ZEC). As of , Zcash (ZEC) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 3 indicators are flashing buy, while 1 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for ZEC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, ZEC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Zcash (ZEC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 307.693 | 405.147 | 488.093 | 585.547 | 668.493 | 765.947 | 848.893 |
| Fibonacci | 405.147 | 474.059 | 516.634 | 585.547 | 654.459 | 697.034 | 765.947 |
About ZEC
About the author
