- ZEC coin price action is in an uptrend on intraday’s trading session
- The 24-hour volume in ZEC is at $350.32 Million
- The ZEC/BTC pair was trading at 0.003275 BTC with a loss of 3.79%
The Daily technical chart of ZEC coin price action forecasts a positive trend on Monday. According to pivot points, ZEC’s critical support level is at $95. Whereas if it goes up, the necessary resistance level to watch is $212. While diving into the chart of a daily time-frame, a Doji candlestick pattern has been formed, representing neither bulls nor bears could gain the upper hand on the coin’s price movement.
The Moving Average Exponential (EMA), consisting of 200-EMA, acts as unbroken support in the asset price movement. Investors may witness the price is underneath the red line, so until the price rests below the EMA, it will assure a downtrend in ZEC.
STC indicator (BEARISH), with a rate of 0.21, designates a sell signal in the coin. Moreover, Investors can see a red dot and a downward curve in the index showcasing a bearish price movement. It may remain bearish in future trading sessions according to the market sentiments.
The volume oscillator (-14%) represents a negative momentum. Positive Momentum is required in ZEC to maintain the price at higher levels.
The Parabolic SAR also suggests a sell signal in intraday, and Until the yellow dots remain above the price candlesticks, it will assure a bearish trend in Zcash.
Zcash ZEC Coin Indicators Are Not Favorable With The Movement
ZEC coin price traded at $130 with a gain of 6.5% in the last 24-hour and 10.2% down weekly. Furthermore, the ZEC price is floating around its support zones. In contrast, the market capitalization stands at $1.61 billion. Technically, investors can perceive the price rests below the EMA-200. The STC indicator showcases a downward curve. A negative Momentum in volume oscillator is presented. Hence, The Parabolic SAR also Suggests a sell signal. Moreover, the price movement can plunge until the support of $95 in future trading sessions.