Zcash Proposes Ironwood Upgrade to Address Supply Vulnerability
- Supply Vulnerability Fix: Zcash developers proposed the Ironwood upgrade to address potential counterfeit issues by establishing a new privacy pool and verification framework, aiming to restore confidence in the network's circulating supply, with activation targeted for July 2026.
- Positive Market Reaction: Following the developers' recovery strategy, ZEC rebounded approximately 45%, reflecting investor confidence in the upgrade plan, despite a nearly 40% drop due to market panic prior to the vulnerability disclosure.
- Strong Network Activity: Before the vulnerability was disclosed, Zcash experienced robust demand for privacy transactions, with shielded supply reaching a record 5.1 million ZEC, indicating strong market interest and bolstering investor confidence in the long-term outlook.
- Migration Framework Design: The Ironwood upgrade's migration framework will ensure users gradually transfer their ZEC holdings to the new environment while enhancing transparency through a verification mechanism that confirms the circulating supply matches legitimate ZEC amounts, thereby strengthening network security and trust.
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Technical Analysis for ZEC
Technical Sentiment Analysis for Zcash (ZEC). As of , Zcash (ZEC) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 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 | -125.495 | 62.312 | 268.895 | 456.702 | 663.285 | 851.092 | 1057.675 |
| Fibonacci | 62.312 | 212.969 | 306.045 | 456.702 | 607.359 | 700.435 | 851.092 |
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