Zcash Price Prediction for Today, August 27 – ZEC Technical Analysis

The Zcash worth prediction reveals that ZEC might have to comply with the bullish motion if the coin spikes above the channel.

Zcash Prediction Statistics Information:

Zcash worth now – $25
Zcash market cap – $408.2 million
Zcash circulating provide – 16.3 million
Zcash whole provide – 16.3 billion
Zcash Coinmarketcap rating – #78

ZEC/USD Market

Key Ranges:

Resistance ranges: $32, $34, $36

Assist ranges: $18, $16, $14

ZEC/USD is at present buying and selling at $25 and the worth may hit the $30 resistance degree if the bulls improve the shopping for stress. Though the coin touches the each day excessive of $25.35 resistance degree above the 9-day transferring common and will most likely retest the help of $24 earlier than it rises once more.

Zcash Worth Prediction: ZEC/USD Bulls Might Collect Momentum

Trying on the each day chart, the Zcash worth might start to comply with an upward motion, ought to the bulls improve the shopping for stress throughout the channel. A break above the 21-day transferring common might encourage extra patrons to extend their entries, and this might push the worth to the resistance ranges of $32, $34, and $36. Quite the opposite, if the market worth slides under the 9-day transferring common and heads towards the decrease boundary of the channel, the sell-off may achieve traction with the following focus under the $23 help.

However, as soon as the Zcash worth breaks under the channel, the draw back stress might improve whereas the following help might be discovered at $18, $16, and $14. In the meantime, the technical indicator Relative Energy Index (14) might cross above the 40-level which may improve the bullish motion.

ZEC/BTC Will get Prepared for the North

In opposition to Bitcoin, the Zcash worth is more likely to cross above the 9-day and 21-day transferring averages and a each day shut above the higher boundary of the channel might encourage the bulls to increase the rally towards the resistance degree of 1200 SAT and above. Nonetheless, a detailed under the 9-day and 21-day transferring averages may reverse the Zcash worth route towards the each day help at 800 SAT.

Subsequently, any bearish motion under this degree may carry the coin to the help of 750 SAT and under. In the meantime, there’s a risk that ZEC/BTC might comply with the bullish development because the technical indicator Relative Energy Index (14) strikes to cross above the 50-level with the sign line dealing with up.

Alternate options to Zcash

The Zcash worth has as soon as once more touched the $25.35 mark because the crypto has confronted the trail of improvement for the reason that starting of immediately however the bullish motion can solely be confirmed if the market worth crosses above the 9-day and 21-day transferring averages.

In the meantime, the Wall Avenue Memes ($WSM) has develop into some of the profitable tokens of the yr. By leveraging a large group behind it, the token has raised over $25m within the presale and now ready for the official launch on a number of tier 1 exchanges within the subsequent few days.

Wall Avenue Memes – Subsequent Massive Crypto

Early Entry Presale Reside Now
Established Neighborhood of Shares & Crypto Merchants
Featured on BeInCrypto, Bitcoinist, Yahoo Finance
Rated Finest Crypto to Purchase Now In Meme Coin Sector
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