Zcash faces $680‑$750 resistance as Ironwood upgrade approaches

The Zcash (ZEC) network is preparing for the Ironwood (NU6.3) upgrade, scheduled for block 3,428,143 on July 28. The upgrade aims to replace the existing Orchard‑protected pool with a redesigned pool to remediate a critical security flaw.

Technical analysis shows ZEC trading within a narrow range, with analysts highlighting a strong resistance zone between $680 and $750. Short‑term price action has slipped below the $500 level after a brief rally, and bearish signals such as a falling RSI and rising -DI suggest further downside pressure. While the long‑term trend remains bullish, traders are cautioned that the next support levels could be around $360 to $250 if the price continues to fall.

Both Turkish and US market commentary note that breaking the $680‑$750 resistance would be pivotal for a sustained upside, whereas failure to do so may reinforce the current bearish bias.