Price Analysis

Zcash Price Movement Retreats the Intraday High

  • Zcash price turns down the expectations of intraday improvement
  • The ZEC coin price drops to $27.79

Zcash price momentum was spotted recovering from the past few days. The traders were quite hopeful that the improvement in the price would help the traders in recover from the previous losses. Today’s sudden price crash seems to turn down all the expectations of the traders. Yesterday, ZEC price touched a high at $29.08 and a low $27.50. The coin seems to breach the yesterday’s low and set a new for the traders.

Zcash Price Prediction:

Yesterday, Zcash started dealing at $29.10. The price dropped to $27.59 by 5.19%. There was a slight recovery in the ZEC that took to $28.09 by 1.82%. Later, the coin dropped again and touched $27.55 by 1.90%. The price went up again and touched $28.05. The progression marked was 1.83%. Further, Zcash’s price escalated and touched 28.41 from $27.79. The coin couldn’t hold itself at the level and fell to $27.79. The recovery took place later that brought the coin to $28.29. The intraday movement of the ZEC coin reflects a 3.43% loss as it closed the day at $28.11. Today, Zcash started the day with a moderate movement of around $28.11. The price slipped to $27.46 by 2.61%. Later, the coin jumped to $28 by 1.98%.

ZCash Price Chart
ZEC Chart By TradingView

ZEC coin is battling to keep the price above the immediate support level. Although, the currency fell below $27.5 but crawled back its way to the top. The current price of Zcash is $27.79. The coin is speculated to give flourish results in the coming days. The coin is recommended for long-term traders.

Resistance LevelPriceSupport LevelPrice
R1$29.42S1$27.5
R2$30.3S2$26.46
R3$31.34S3$25.58
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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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