- ZEC coin price is ready to see a breakout for the new high in the future. It is up by more than 5% in the intraday session.
- Zcash price may soon see a new high of $200 in the future. In contrast, ZEC/BTC pair is down by more than 0.55%
ZEC coin price is currently seeing a breakout from the consolidation zone and can soon reach $150. Zcash coin price is currently trading near the value of $127 and has seen a gain of more than 5.76%Â The coin has a negative ROI of -96% but is recovering and can soon see the positive soon.
The upside trend of the ZEC might see a halt near the value of $150. On the downtrend, one can see a halt near $100. Zcash coin price is currently trading below the 50 and above 100 Days Moving Average, but can soon see a breakout above it. If the asset price breaks above 100 MA then a strong upside momentum can be seen. The 100MAÂ line is near $131 which is acting as a temporary resistance for the asset price. ZEC/BTC pair can also see a strong uptrend in the future. One can invest in ZEC according to the risk capacity and price action.
Zcash’s market dominance along with the market cap is seeing a strong recovery and can soon attain the previous levels. ZEC price is down by more than 70% from its all-time high. The volume to market capitalization ratio of the Zcash suggests a strong upside momentum in the price for the future. One can forecast a strong upside momentum in the future.
ZEC Coin Price Suggests A Strong Bullish Momentum For The Future

The weekly technical chart of ZEC coin price suggests a strong bullish momentum for the future. On the daily chart, the asset price is seeing an upside momentum. It might soon see a major breakout in the future. The coin price has formed a bullish engulfing pattern on the daily chart. If the price of the coin jumps 15 to 20% above the current level then a strong upside momentum can be seen. ZEC/BTC pair can also see a new high in the future
CONCLUSION
ZEC coin price is seeing a positive breakout and can soon see a new high. ZEC/BTC pair can also see a strong upside momentum
TECHNICAL LEVELS
Major Resistance:$200
Major Support:$100
Rajat is an MBA graduate specialized in finance who is a motivated self-starter, highly organized, and holds a good flair for understanding financial markets. His interest in economics and finance draws his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. His primary focus is on cryptocurrency price analysis and industry news coverage.