$ZEC This price action is a little painful to watch😥

Last week, the NU7 upgrade was officially activated, shortening block intervals from 75 seconds to 25 seconds and delivering a tangible improvement in network confirmation speed

Unfortunately, the price failed to break higher and instead fell all the way from above $1,300. Today, it has dropped back to around $1,200...

The technical upgrade did improve network performance, but once the positive news was priced in, the market ultimately had to return to the supply and demand for capital

What I’m paying closer attention to now is ZEC’s relative strength against BTC:

Previously, when the broader market fell, ZEC often moved independently, but that advantage has been weakening over the past few days;

In the short term, I expect the correction to continue, especially since the area around $1,200 has already become a battleground

If the subsequent rebound fails to reclaim the previous highs, this correction may not be over yet