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  • ZEC Price Analysis: Significant Selling Pressure in ZEC Price?

Finance

ZEC Price Analysis: Significant Selling Pressure in ZEC Price?

05/29/2023
Bitcoin Ethereum News

ZEC Price Analysis: Significant Selling Pressure in ZEC Price?

  • 1
    The current price of ZEC is $33.26 with a change in 24-hour trading volume of 14%.
  • 2
    ZEC price is making a bullish Morning Star Pattern

Zcash(ZEC) price has observed severe selling pressure over the past few months. After gaining support from $35 near last November the price made multiple attempts to breach its crucial 200 EMA resistance though it was proven to be futile. Presently it is taking support from a previous demand zone making a double-bottom pattern. This suggests that it can make another retest with a positive morning star candlestick price pattern.

The Oscillators are projecting …

Source: https://www.thecoinrepublic.com/2023/05/28/zec-price-analysis-significant-selling-pressure-in-zec-price/

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