ZEC Faces Short-Term Resistance Ahead of Ironwood Update
Zcash's network has entered a critical period ahead of the Ironwood update scheduled for July 28.
A short-term resistance area is seen at $477, and a falling wedge formation is observed in ZEC ($488.86 · Live).
The upward scenario points to a primary resistance zone between $680 and $750.
The upcoming update aims to replace the Orchard pool following the discovery of a critical security vulnerability.