Ironwood upgrade countdown! $ZEC —aiming for the previous high?


Brothers, ZEC has been repaired from the June low of 303 all the way up, with a gain of over 70%.
News:
There is only one core catalyst: the Ironwood network upgrade on July 28. To fix the “infinite minting” vulnerability in the Orchard pool—attackers can forge ZEC in unlimited quantities. The upgrade will introduce a new privacy pool + a verifiable supply mechanism. Holdings increased 22% over 24 hours to 983 million, and the funding rate has turned positive. A partner at Multicoin Capital revealed that they have already accumulated a substantial proportion of the ZEC supply.
Technical analysis:
Overhead resistance: 530-550; a breakout could see 570-600
Support below: 510-515; if it breaks down, look for 500-490
Gongming’s view: The mid-term is clearly bullish, but RSI is overbought and there is profit-taking pressure around 520—be cautious about chasing.
Trading strategy: For the steady approach, wait for a pullback to around 510-515 to go long; for the aggressive approach, go long at the current price.
There are still two weeks until the upgrade—don’t chase in the overbought zone.
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ZEC-0.09%
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