Zcash price rebounds 9% ahead of NU7 as traders eye $1,370

Zcash has climbed roughly 9% to $1,310 on Nov. 4, recovering ahead of its NU7 network upgrade as traders watch whether ZEC can break through $1,370. Summary ZEC has returned to the top 10 cryptocurrencies after recovering above $1,300. Jesse Olson identifies support and a pending daily buy signal, while Ardi watches $1,370. NU7 targets 25-second blocks, with activation expected around Nov. 5 at block 3,543,405. Zcash Community Grants has withdrawn its proposal to redirect approximately 98,000 ZEC toward mining rewards. Data from CoinGecko showed ZEC trading at $1,310.03, up 9.4% over 24 hours, after moving between $1,159.27 and $1,347.03 during the session. The recovery placed the privacy coin tenth by market capitalization. The rebound brought ZEC back above $1,300, although it remained below the level analyst Ardi identified as the trigger for another move higher. Meanwhile, network developers were preparing for an upgrade that changes transaction timing, mining rewards, and the treatment of funds in Zcash’s oldest privacy pool. Zcash traders watch $1,370 after support holds In a Nov. 4 X post, analyst Jesse Olson said ZEC had found support at the yellow line on his daily chart. ...