- ZEC coin price is currently in a downtrend and can soon hit the support of 100MA.It is trading with a loss of 3.3% in the intraday session.
- Zcash price technical indicators suggest a downtrend in price for the future. In contrast, ZEC/BTC pair is also down by more than 3.89% in the past 24 hours
ZEC coin price is currently in a downtrend and can soon observe a new low in the future. Zcash coin price has observed a loss of more than 4% in the past 24 hours. The coin has a negative ROI of -96% but it can soon convert to the positive and reach to a new high.
The bullish trend of the ZEC can see a halt near the value of $175. On the downside it may observe a bounceback from $130. Zcash coin price is currently trading above the 50 and 100 Days Moving Average. The price may hit the support of 100MA very soon.The 100MA line is near $129 which may act as a temporary resistance for the price. ZEC/BTC pair can also observe a breakout from the previous resistance and can skyrocket . One can invest in ZEC as per the price action and their risk adversity.
Zcash coin has a market dominance of more than 0.09% and is ranked 63rd in the CMC. ZEC price is currently down by more than 90% from its all time high but can soon revert to the uptrend. Volume to market capitalization ratio of the coin price hints towards a strong uptrend in price for the future
Technical Indicators Of The ZEC Coin Price Suggests A Downtrend In Price
The weekly technical chart of ZEC crypto price suggests a bullish momentum in price for the future. On the daily chart the asset price is currently in a downide momentum ZEC coin price might hit a lower support in the future. The coin price has formed a bearish engulfing pattern on the daily chart. If the price continues to go down in the channel then it may hit a support of $100. ZEC/BTC pair can also see a new high being formed in the future
CONCLUSION
ZEC crypto price is currently observing a downtrend but can soon see a new high. It can soon be profitable to the investors in future. ZEC/BTC pair can also see a strong bullish rally
TECHNICAL LEVELS
Major Resistance:$200
Major Support:$100