Key highlights:
- The ZEC price is holding above key moving averages as $480 and $500 remain the next hurdles
- Zcash’s market cap has fallen to $6.6 billion, though price action continues to recover from earlier lows
- Ironwood adds a new shielded pool designed to make Zcash’s coin supply independently verifiable
in the Orchard shielded pool. Although there is no evidence that counterfeit ZEC entered circulation, the flaw meant there was no independent way to prove that extra coins had never been created before the issue was fixed.
Ironwood is designed to solve that problem. The upgrade introduces a brand-new shielded pool along with a turnstile mechanism that tracks value moving between pools. If more coins attempt to move than should legally exist, network nodes reject the transaction, preventing any future counterfeit supply from entering circulation unnoticed.
The plan also includes migrating users from Orchard into Ironwood, updating wallets and full nodes, and continuing security audits as adoption progresses. How successful the upgrade becomes will depend on how quickly users migrate and how broadly wallets and infrastructure providers support the new system.
What comes next for the ZEC price?
For now, everything comes back to one level. If buyers can break above $480, attention quickly turns to $494.16 and then the psychological $500 barrier. Clearing those levels would strengthen the recovery and open the door toward $611.68.
If sellers defend resistance once again, support comes in around $471, followed by the 100-day moving average at $441.90 and the lower-timeframe moving average near $428.55.
The technical picture continues to improve, momentum remains positive, and Ironwood is moving closer to launch. The next few trading sessions should reveal whether buyers have enough strength to push the ZEC price above one of the most important resistance zones on the chart.
CoinCodex’s 1-month ZEC price prediction places the price at $657.59, implying further upside if buyers can clear the $500 psychological resistance and maintain enough momentum to target the $611.68 Fibonacci resistance level.
Source:: Zcash Price Prediction: Can the Ironwood Upgrade Push the ZEC Price Back Above $500?