Price Analysis

Zcash Takes a Relaxed Stride to Trade Around $33.25

eToro
  • Zcash moves with a marginal growth as rightly exhibited from its intraday movement

Zcash price had a good start to the year and had even noticeably peaked in the month of June. However, a bearish turn in the crypto market in July reversed its good fortune. The price of ZEC has been on a continual downswing since then. The one-day price chart of ZCash on Oct 24, shows the price fluctuating in the range of $32.48 – $33.26.

Zcash Price Analysis:

ZEC price has been mostly below the baseline, as analyzed. The trading price of Zcash was $32.8928 at 00:54 UTC, yesterday. With the bear pressure in full swing, the price went down marginally by 1.53% to trade at $32.4819. With the coin being below the baseline only, the trading value rose by a mere 2.38% to $33.2559. Today, Dogecoin remains around the same area trading at $33.2528, which is only higher to the extent of 0.48%.

eToro Crypto
ZCash Price
ZEC Chart By TradingView

ZEC price continues to be under the bear radar since July, with the price being mostly in the lower range. There is not much hope from the coin in the short-term as the crypto market continues to be volatile.

Current investors should add on to their holdings as the price of the coin is currently low. Short-term investors and day traders should continue their investing with a cautious outlook.

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.

Related Articles

Back to top button