- ZEC token price action is in an uptrend of 7.5% during the intraday trading session.
- The 24-hour trading volume is at $393 million.
- ZEC/BTC pair is trading positive by 5.8% at 0.00325967 BTC.
The daily technical chart of the ZEC token displays an upward trend. According to the pivot levels, the primary support level is $135. On the other side, if it rushes up, the resistance level to follow is $180. Although the chart forms a Doji star candlestick pattern within the day, it is predicted that the price may remain sideways with high reliability.
The Zig-Zag framed a top of $392.44 on May 12. After that, investors can notice a massive correction of 78%, all the way low to $82.95. Now price levels are back around the range of $150 this week.
The volume of (12.998K) is beneath the MA of 20-days (46.076K). As a result, the volume gradually increases in ZEC, resulting in its price moving around the resistance zone. Investors may also mark that the volume bars on the chart are declining, which intimates that notable volatility is expected in the upcoming trading session.
The Stochastic RSI (bullish) with a K-92 D-83 presents a buy signal in the coin. Investors may observe an inclining slant and a positive crossover in the index. It may remain in positive territory for future trading sessions.
ZEC Token Oscillators Are Indicating Bullish Momentum
Today’s price of Zcash is 154.10 US dollars, and the 24-hour trading volume is 393,317,396 US dollars. The price of ZEC has increased by 7.5% in the past 24 hours. There are 11 million ZEC coins in circulation, with a total of 21 million. The Stochastic RSI indicator shows a buy signal, and the traders have guided moderate volume. Technically, the price moves around the resistance and remains in an uptrend. Therefore, as with overall market sentiment, the trend remains bullish.
Resistance Level: $180
Support Level: $135