- The ZEC coin price moves above the several EMA’s during intraday.
- The 24-hour trading volume is at $267 million.
- ZEC/BTC pair is trading negative by -6.6% at 0.00305331 BTC.
Moving Average (EMA) In the ZEC coin daily price chart containing 8,13,21,55 EMA, it is reliable support for currency price movements. Investors can find that price moves above the yellow line and guarantee Zcash uptrend as long as prices are above the moving average.
The volume (99.195 K) is below the 20-day moving average (635.365 K). The volume is low, so the cost is moving slowly for several days. Investors may also mark a decrease in volume. This indicates that unusual changes are normal on the following trading days.
ZEC Coin Price Got Rejected From The $220 Resistance
The daily price chart of the ZEC coin got rejected from the resistance zone. Depending on the price action, the support area is within $140 & $150. On the flip side, the resistance range to look for is around $200 & $220.
The RSI showed a signal of 63 (bullish) with a short-term buy sign. Investors may find that the indicator’s RSI line is running downside. A surge can happen on future trading days.
The MACD shows a (bullish) cross above the signal line on November 09, indicating a buy signal for the currency. In addition, investors can see green bars in the histogram indicator.
Conclusion
Zcash is currently trading at $198.54 with a 24-hour trading volume of $267,035,911. ZEC prices have been down -5.1% in the past 24 hours. It has 12 million coins in circulation with a total supply of 21 million coins.
RSI and MACD indicate a buy signal. Traders have directed low volume. In fact, the cost got rejected from the resistance zones. A market overview also shows that this pattern will continue to correct in the coming trading days.
Resistance Level: $200 & $220
Support Level: $140 & $150