Zcash Price Escalates Moderately; Indicates Probable Upsurge

  • Zcash price demonstrates steep upwards moving during the day

Zcash (ZEC) price is spotted falling from the last one month. The coin hit rock bottom in the last couple of days. However, the currency has started the price recovery. The momentum spotted in the ZEC coin is quite impressive. If the currency is spotted moving with a similar momentum, then Zcash might recover from past losses.

As per yesterday’s chart, Zcash is dealing at a high of $29.25 and a low at $27.29. The volume marked in Zcash was $198,036,983. Let’s have a look at the intraday chart.

Zcash Price Analysis

Yesterday, Zcash was dealing at $28.45. The price slipped to $27.75 by 2.47%. The coin continued the fall and touched $27.08 by 2.44%. The ZEC price escalated to $28.90 by 6.73%. The currency couldn’t hold itself at the level and dropped to $28.27 by 0.47%. Later, Zcash’s price improved and touched $29.40 by 4.01%. The closing hours reflected pullback that took ZEC price to $28.57. The intraday movement in the coin exhibited a 0.47% progression. Today, the price slipped to $28.33 from $28.57 by 0.87%. The price progressed in the later hour and touched $28.86 by 1.92%.

ZEC Price Chart By TradingView

Zcash has recently shown a slight drop. The movement in the coin is speculated to improve and touched the immediate resistance level at $29.44 in some hours. And as per ZEC Forecast data, we can say that ZEC price is speculated to give a great return in the long run. The short-term might not be as fruitful as the long-term hence, we wouldn’t suggest the same.

Resistance Level Price Support Level Price
R1 $ 29.44 S1 $ 27.48
R2 $ 30.32 S2 $ 26.4
R3 $ 31.4 S3 $ 25.52

Mehak Punjabi

Mehak Punjabi is a post graduate in MBA with specialization in Finance and has joined CryptonewsZ with a skill building view in the world of cryptocurrency and blockchain. She is dynamic and a quick learner with a hold on financial analysis.

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