Zcash faced a bearish technical setup to start the week, with ZEC reversing from a resistance zone between the key 883.00 level and the upper daily Bollinger Band. According to technical analysis, the rejection ended a minor impulse wave v within the intermediate impulse wave (3) that began in June, and the price is now expected to fall toward the next support at 750.00, the low of the previous correction iv. The view cited the strong daily uptrend but also noted moderately bearish sentiment across crypto markets.
At the same time, short-term bulls were liquidated amid fresh volatility. Joao Wedson noted that positions opened over recent days remained exposed on both sides, while some long positions from the past six months had not yet been liquidated. He expected elevated volatility in ZEC over the following days, with trader positioning likely to make the price sensitive to sharp moves in either direction.
Network developments added another focal point as the Zakura upgrade delivered a significant speed boost for private transactions. The new cryptography stack was reported to reduce private transaction proof generation from more than three seconds to under 200 milliseconds in some cases, making proof generation more than 14 times faster on mobile devices and more than five times faster on desktops in tested scenarios.
The broader Zcash ecosystem also saw a series of updates. Zodl Wallet released versions 3.10.1, 3.10.2, and 3.10.3 across Android and iOS, with fixes for small ZEC amounts left in Orchard after Ironwood migration, improved Coinholder Polling, recovery for interrupted vote submissions, and Keystone signing session resumption. The Zcash Android SDK 3.0.0 and Zcash Swift SDK 3.0.0 were publicly released, while Zallet v0.1.0 beta 3 added JSON RPC methods for PCZTs, a global sync lock, and security fixes related to note-commitment tree corruption and deep reorganizations. In addition, the Zcash Foundation opened a ZCAP poll for NU7, and Grayscale launched a Zcash ETF.
