- ZEC coin price is in an upward trend, which rose 13.4% during intraday trading
- Zcash 24-hour trading volume is $961.070 Million
- ZEC/BTC pair is trading positive by 6.9% at 0.00339283 BTC
The daily technical chart of ZEC coin represents a pullback from the support level and is gradually moving towards the EMA-200 once again. According to the pivot points, the critical support level for ZEC is $95.0. Though, if it makes a move above, the key resistance level to be aware of is $215. Meanwhile, the chart shows a bullish engulfing candle, which indicates bullish trend reversal with high reliability.
The moving average (MA) composed of 50,100,200-MA can be a reliable support for currency price changes. Investors can observe that the price is below the yellow line, ensuring a downward trend in ZEC until the price stays above the MA-200.
The CCI indicator gave a (neutral) signal with -25, projecting a neutral sign in the coin. Investors may observe an inclining slope from -144 to -25. It may surge in future trading sessions.
Volume of (19.31K) is displayed below the 20-day moving average (61.37K). Traders are exerting a low buying force to guide their price levels within the positive zone. Investors may also witness a decline in volume on the chart, which indicates that a big move is expected soon.
Zcash (ZEC) Coin Price Pullbacks & Looking To The Upside
The trading price of ZEC coin is $120, with a daily increase of 13.4% and a weekly increase of 16.6%. In contrast, the price is retrieved from the support level. The CCI indicator showed a steep slope, and the trading volume shrank. Technically, the price showed strength and remained above the support level. Therefore, the current trend remains bullish. Based on the general market sentiment, the price may try to move towards EMA-200.
Resistance: $214.0
EMA-200: $145.0
Support: $96.0
