The Zcash network is preparing for the Ironwood update, which is scheduled to go live on July 28 at block 3,428,143. This change, also known as NU6.3, aims to disable the existing Orchard sandbox and introduce a new pool with a corrected circuit structure after a critical security vulnerability was detected. This step is expected to strengthen network security and contribute to understanding whether the vulnerability in question has been used before.
Short-term squeeze stood out on the ZEC chart
Analyst Crypto With Gopal states that a falling wedge formation has formed on the one-hour chart of ZEC. According to the analysis, the structure is developing around the $477 support zone. This outlook indicates that seller pressure has weakened and buyers are maintaining the lower trend line.
Crypto With Gopal emphasizes that sellers are losing momentum, while buyers continue to defend the lower trend line.
Although this technical outlook shows that the price is stuck within a narrowing band, an upward breakout has not yet been confirmed. In order to talk about a stronger recovery in the short term, ZEC must exceed the upper band of the wedge formation and this movement must be supported by increasing transaction volume.
On the other hand, losing the lower trend line could weaken the short-term positive scenario and bring about a new selling wave.
The range of $680 to $750 is followed as the main threshold
In technical evaluation on the broader time frame, analyst 0xVertix highlights the $680 to $750 range as a strong resistance zone. The analyst argues that ZEC has formed higher lows after recovering from macro lows, indicating improvement in market structure.
0xVertix reports that the price continues to produce higher lows, indicating that buyers are maintaining control.
However, the $680 to $750 band has previously stood out as an area that limits bullish attempts. For this reason, the region in question is of critical importance for those who monitor whether the market will continue upwards.
| Level | Meaning |
| 477 dollars | Short term support zone |
| $680 to $750 | Main resistance zone |
| $1,300 to $1,400 | Technical projection that stands out in favorable conditions |
A weekly close above this band can be considered a stronger technical confirmation than a short-term intraday rise. If the resistance area later turns into a support area, the historical barriers to the price may decrease. The analyst predicts that under favorable market conditions, this could open an area extending to the $1,300 to $1,400 region. However, this outlook is a technical projection, not a definitive target.
There is no clear confirmation in the indicators yet
Despite the positive patterns noted by individual analysts, the broader technical picture still looks unsettled. TradingView’s technical summary for ZECUSDT showed the outlook as neutral. The same evaluation was included for oscillators and moving averages.
However, in the relevant view, the details of the individual values of indicators such as RSI, MACD, ADX and Stochastic RSI, as well as the moving average and pivot levels, remained empty. Therefore, the practical value of the summary score remained limited; The current data set alone does not provide a strong directional signal of momentum.
The inability to precisely determine short-term support and resistance points also increases this uncertainty. Therefore, the falling wedge on the chart and the $680 to $750 range are considered technical zones to watch rather than confirmed signals for now.
The first test as to whether ZEC will head towards $750 will be the breach of the wedge resistance on the one-hour chart. Afterwards, the $680 to $750 band will need to be crossed permanently. As the Ironwood update approaches, technical signals and network developments are expected to affect market perception together.
