The Zcash (ZEC) shows that the bulls are beginning to restart the uptrend after trading below the 9-day moving average.
Zcash Prediction Statistics Data:
- Zcash price now – $76.27
- Zcash market cap – $1.1 billion
- Zcash circulating supply – 15 million
- Zcash total supply – 15 million
- Zcash Coinmarketcap ranking – #49
ZEC/USD Market
Key levels:
Resistance Levels: $100, $110, $120
Support Levels: $55, $45, $35
Your capital is at risk
ZEC/USD looks green today as the price hovers above the resistance level of $75 and a daily close above this level may increase the Zcash (ZEC) price to $80. However, traders should note that a consistent price increase may bring more buyers into the market as bulls increase their positions.
Zcash Price Likely to Break Higher while Tamadoge (TAMA) Soars
In the past few days, after the Zcash (ZEC) crossed above the 9-day moving average, ZEC/USD is now looking forward to breaking above the upper boundary of the channel. Moreover, the daily chart reveals that if the 9-day moving average remains above the 21-day moving average, the coin may head to the upside.
Meanwhile, the bears may take advantage to break towards the lower boundary of the channel if the bulls fail to move the price upward. Meanwhile, the technical indicator Relative Strength Index (14) is likely to cross above the 60-level. More so, if the Zcash price crosses above the channel, it could hit the resistance levels of $100, $110, and $120 but facing the south may bring the price to the supports at $55, $45, and $35.
Against Bitcoin, the Zcash price is hovering above the 9-day and 21-day moving averages. However, intraday trading is ranging as the coin moves toward the upper boundary of the channel, crossing it could push the coin to the resistance level of 3800 SAT and above.
On the contrary, if the sellers bring the market back to the south, traders can expect a sharp fall towards the lower boundary of the channel, which could hit the support at 2800 SAT and below. Meanwhile, the technical indicator Relative Strength Index (14) crosses above the 60-level, suggesting more bullish signals.
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Related:
Source: https://insidebitcoins.com/news/zcash-zec-moves-to-break-above-80-resistance-as-tamadoge-rises