hi
Boomer
Lighter
NEAR Protocol
Covenant x402
Pudgy Penguins
Injective
- ZEC coin price is currently in an upside parallel channel aiming for a new high. It may soon observe a breakout above $125
- Zcash price technical indicators hints towards a strong uptrend in price for the future. In contrast, ZEC/BTC pair has seen a gain of 0.9% in the intraday session.
ZEC coin price is currently in an uptrend and can see a new high being formed. Zcash price has seen a gain of more than 4.98% in the intraday session and is trading near the value of $110. The asset has a negative ROI but it can convert into positive.
The bullish momentum of ZEC can see a halt near the value of $150. The support region in the price can be observed near the price level of $80 while going down. ZEC price is currently trailing below the 50 and 100 Days Moving Average. The 50MA line is at $113, making it a temporary resistance area for the asset price.
The price can soon see a breakout above the 50MA for new highs. ZEC/BTC pair can also observe a strong bullish momentum in price. One can invest in ZEC according to their risk capacity and price action.
Zcash coin is currently ranked 65th in the CMC and has a market dominance of more than 0.08%. ZEC price is down by more than 98% from its all time high. Volume to market capitalization ratio of the coin suggests an upside trend in price.
Technical Indicators Hints Towards An Upside Momentum In ZEC Coin Price
The weekly technical chart of Zcash suggests a strong bullish momentum for upcoming weeks . On the daily chart the price is on a strong upwards rally. ZEC coin price has seen a gain of more than 8% on the weekly chart. The coin price has formed a bullish engulfing pattern on the daily chart. There is an upside parallel channel formed on the Zcash coin price. If the price continues in the channel then it can soon reach beyond $150.
CONCLUSION
ZEC coin price is currently in an uptrend and can soon see new highs being formed. It has been profitable to the investors in the past and can be the same in future. ZEC/BTC pair can also see a strong upside momentum in price.
TECHNICAL LEVELS
Major Resistance:$150
Major Support:$80
