Key highlights:
- The Zcash price is showing positive signals after its recent correction following a vulnerability disclosure.
- The current surge comes amid the team’s Ironwood upgrade plans.
- If the token continues to surge and break the $490 resistance, it could reach new highs.
The Zcash price is showing significant signs of recovery following last week’s collapse. Despite the recent 50% correction, the ZEC price has now jumped to a three-day high, as the Zcash team is taking initiatives to strengthen the network security.
Notably, the recent downturn in the Zcash price was a result of a critical vulnerability disclosure. Now, developers have unveiled plans for the Ironwood upgrade, which focuses on network security, thereby restoring investor confidence.
Ironwood upgrade boosts Zcash price
Today, the that the ZEC crypto successfully tested multiple critical levels. The token has also retested a previous breakout from a bull flag. Since then, ZEC has surged by a massive 80%. If ZEC manages to reach and hold the crucial resistance at $490, it could sustain the current rally and attain even higher levels.