ZEC traded near $1,470 after briefly exceeding $1,500, described as a 10-year high, and gaining about 190% in one month from roughly $500 in August. The retreat from a reported $1,535.82 high left the token facing resistance between $1,500 and $1,535, although higher highs and higher lows kept the broader uptrend intact. The rally followed a Zcash community vote supporting Network Upgrade 7, or NU7, which would reduce target block spacing from 75 seconds to 25 seconds while adjusting block rewards to keep issuance unchanged over wall-clock time. Nearly 99.9% of participating ZEC backed the block-time proposal, while 98.9% supported retaining the halving schedule. Developers are targeting Nov. 5 for mainnet activation after a planned Oct. 6 testnet deployment and an Oct. 20 decision on the final activation height; the date remains a plan, not confirmation that NU7 has activated. NU7 would also reserve roughly 60% of transaction fees for supplemental mining rewards beginning in February 2031. Analysts offered targets ranging from $1,800 to $14,000, while others warned that high open interest, short-liquidation-driven gains, fear of missing out and crowded positioning could trigger a correction.