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Bittensor
- 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% 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 100MA 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
