Zcash Price Prediction: ZEC Continues to Garner Energy



Zcash (ZEC) Price Prediction – October 5
There has been a prolongation of business activities closely over the $50 trading line as the crypto market continues to garner energy above it over a couple of sessions until the present. The last thirty days of operations show that the price has traded between the low and the high of $52.15 and $66.71 value lines.

Zcash (ZEC) Price Statistics:
ZEC price now – $57.29
ZEC market cap -$887.5 million
ZEC circulating supply – 15.4 million
ZEC total supply – 15.4 million
Coinmarketcap ranking – #54

ZEC/USD Market
Key Levels:
Resistance levels: $65, $75, $85
Support levels: $50, $45, $40
ZEC/USD – Daily Chart
The ZEC/USD daily chart showcases the crypto market continues to garner energy above the $50 trading support level. The 14-day SMA indicator is at a $57.59 point, underneath the $66.66 value point of the 50-day SMA indicator. The Stochastic Oscillators have briefly traveled northbound into the overbought region at the range paces of 63.01 83.23. And the horizontal line is drawn at the immediate support trading level to markup the baseline where the crypto economy tends to regain its full-fledged power to swing high back against any aggressive declining force.

Buy Zcash Now

Your capital is at risk

Will the ZEC/USD market bulls lose momentum around the 14-day SMA’s value point?

It portends that the ZEC/USD market bulls stand the risk of losing momentum around the trend line of the 14-day SMA indicator as though the crypto economy continues to garner energy above the $50 support level over time. Having said that, if a shoot-up emerges suddenly against the minor SMA trading indicator, the gravitational forces under such a trading atmosphere will potentially nudge the motion upward to either average or test a higher resistance-trading zone of around the 50-day SMA indicator.

On the downside of the technical, sellers have to be cautious of making a come-back at this crucial trading moment when bulls’ strength appears to be fast approaching an exhaustion trading stage around the resistance point featured by the 14-day SMA indicator. A stable smaller bearish candlestick around the trend line of the minor SMA will probably allow the resumption of a series of lower lows to make up a correction toward the horizontal line drawn at the $50 support level afterward.

ZEC/BTC Price Analysis

Comparing the trending ability between Zcash and Bitcoin, the former trading crypto has to some extent, lowered in a range-moving mode at a high-trading spot. The 14-day SMA indicator has slightly bent away to the downside against the positioning stature of the 50-day SMA indicator. The Stochastic Oscillators have dipped into the oversold region, trying to cross northbound at 12.37 and 13.67 range values. That signifies the base crypto may soon be gathering a catalyst to swing upward against its counter-trading crypto.

 

Tamadoge – Play to Earn Meme Coin

Our Rating

Tamadoge logo
  • Earn TAMA in Battles With Doge Pets
  • Maximum Supply of 2 Bn, Token Burn
  • Now Listed on OKX, Bitmart, Uniswap
  • Upcoming Listings on LBank, MEXC

Tamadoge logo

Visit Site

Read more:

  • How to buy Zcash
  • How to buy cryptocurrency

Go to Source

Leave a Reply

Your email address will not be published. Required fields are marked *

WP Twitter Auto Publish Powered By : XYZScripts.com