- Bullish ZEC price prediction is $62.6 to $114.4.
- The ZEC price will also reach $120 soon.
- ZEC bearish market price prediction for 2022 is $50.1.
In Zcash (ZEC) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other ZEC information to analyze the cryptocurrency’s future movement.
Zcash (ZEC) Current Market Status
According to CoinGecko, the price of Zcash (ZEC) is $60.76 with a 24-hour trading volume of $49,346,265 at the time of writing. However, ZEC has decreased to 3.2% in the last 24 hours.
Moreover, Zcash (ZEC) has a circulating supply of 12,660,104 ZEC. Currently, ZEC trades in cryptocurrency exchanges such as Binance, OKX, MEXC, Bybit, and CoinTiger.
What is Zcash (ZEC)?
Zcash is a Bitcoin fork with a different hashing algorithm and security protocols. Zcash verifies ownership of coins and transactions more anonymously than Bitcoin, thus providing more security for users. ZEC can be mined on devices and computers, but the currency is best mined on dedicated systems called application-specific integrated circuits.
Furthermore, Zcash does not eliminate transaction information. But it encrypts it so that it cannot be tracked. The Zcash blockchain is still encrypted, but the security protocol zk-SNARK adds additional user security and anonymity.
Zcash (ZEC) Price Prediction 2022
Zcash (ZEC) holds the 64th position on CoinGecko right now. ZEC price prediction 2022 is explained below with a weekly time frame.
A falling wedge is a bullish pattern. Together with the rising wedge formation, these two create a powerful pattern that signals a change in the trend direction. A falling wedge pattern is considered to be a reversal pattern, although there are examples when it facilitates a continuation of the same trend. The falling wedge pattern occurs when the price is moving in an overall bullish trend before the price action corrects lower.
Currently, Zcash (ZEC) is at $60.76. If the pattern continues, the price of ZEC might reach the resistance level of $69.60, $93.70, and $170.30. If the trend reverses, then the price of ZEC may fall to $52.
Zcash (ZEC) Support and Resistance Levels
The chart below shows the support and resistance levels of Zcash (ZEC) .
From the above daily time frame, we can clearly interpret the following as the resistance and support levels of Zcash (ZEC).
| Resistance Level 1 | $62.6 |
| Resistance Level 2 | $70.8 |
| Resistance Level 3 | $82 |
| Resistance Level 4 | $97.5 |
| Resistance Level 5 | $114.4 |
| Support Level | $50.1 |
The charts show that ZEC has performed a bullish trend over the past month. If this trend continues, ZEC might run along with the bulls overtaking its resistance level at $114.4.
Accordingly, if the investors turn against the crypto, the price of the ZEC might plummet to almost $50.1, a bearish signal.
Zcash (ZEC) Price Prediction 2022 — RVOL, MA, and RSI
The Relative Volume (RVOL) of the Zcash (ZEC) is shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, the RVOL of ZEC lies below the cutoff line, indicating weak participants in the current trend.
Moreover, the Moving Average (MA) of the Zcash (ZEC) is shown in the above chart. Notably, the ZEC price slightly lies below 50 MA (short-term), so it is in a downward trend. Currently, ZEC is in a bearish state. There is a possibility of a reversal trend of ZEC at any time.
Meanwhile, the relative strength index (RSI) of the ZEC is at a level of 38.20. This means that ZEC is in a nearly oversold state. However, this gives confidence to the traders to trade without any fear.
Zcash (ZEC) Price Prediction 2022 — ADX, RVI
Let us now look Average Directional Index (ADX) of Zcash (ZEC) . It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.
The above chart represents the ADX of the Zcash (ZEC). Currently, ZEC lies in the range of 30.1, indicating a strong trend.
From the above chart, the Relative Volatility Index (RVI) of Zcash (ZEC). RVI measures the constant deviation of price changes over a period of time rather than price changes. The RVI of ZEC lies below 50, indicating lower volatility. In fact, ZEC’s RSI is at 38.20, thus confirming a potential buy signal.
Comparison of ZEC with BTC, ETH
The below chart shows the price comparison between Bitcoin, Ethereum, and Zcash (ZEC) .
From the above chart, we can interpret ETH, BTC, and ZEC are moving in a similar trend. This indicates that when the price of BTC increases or decreases, the price of ETH and ZEC also increase or decrease respectively.
Zcash (ZEC) Price Prediction 2023
If the declining price action completely slows down in momentum and the trend reverses, Zcash (ZEC) might probably attain $126 by 2023.
Zcash (ZEC) Price Prediction 2024
With several upgrades in the network, Zcash (ZEC) might enter a bullish trajectory. If the coin grabs the attention of major investors, ZEC might rally to hit $138 by 2024.
Zcash (ZEC) Price Prediction 2025
If Zcash (ZEC) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 3 years, ZEC would rally to hit $144.
Zcash (ZEC) Price Prediction 2026
If Zcash (ZEC) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 4 years, ZEC would rally to hit $153.
Zcash (ZEC) Price Prediction 2027
If Zcash (ZEC) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 5 years, ZEC would rally to hit $167.
Zcash (ZEC) Price Prediction 2028
If Zcash (ZEC) holds up a strong stance as a better investment option for the next 6 years, it might witness significant price rallies. Thus, by 2028, ZEC would hit $171.
Zcash (ZEC) Price Prediction 2029
If investors flock in and continue to place their bets on Zcash (ZEC) , it would witness major spikes. ZEC might hit $186 by 2029.
Zcash (ZEC) Price Prediction 2030
With greater advancements in the Zcash ecosystem, the crypto community might continue to invest in Zcash (ZEC) for the next 8 years and drive significant price rallies for the token. Hence, Zcash (ZEC) might hit $190 by 2030.
Conclusion
With continuous improvements in the Zcash network, we can say that 2022 is a good year for ZEC. For this reason, the bullish price prediction of Zcash (ZEC) in 2022 is $114.4. On the other hand, the bearish price prediction of Zcash (ZEC) for 2022 is $50.1.
Furthermore, with the advancements and upgrades in the Zcashecosystem, the performance of Zcash (ZEC) might hit $120 gaining investors’ attention. It would also rise to reach above its all-time high (ATH) of $3191.93 in the ZEC future.
FAQ
ZCash (ZEC) is a privacy-focused cryptocurrency of the ZCash blockchain. ZEC was launched in 2016. The private transactions are verified using zero-knowledge proofs (ZKPs).
ZCash (ZEC) has been listed on many crypto exchanges which include Binance, HitBTC, FMFW.io, Coinbase, WhiteBIT, OKX, KuCoin, and Gate.io.
With the ongoing developments and upgrades within the ZCash platform, ZEC has a high possibility of reaching its ATH soon.
On October 29, 2016, ZCash (ZEC) reached its new all-time high (ATH) of $3,191.93.
ZCash (ZEC) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of ZCash in the past few months, ZEC is considered a good investment in 2022.
ZCash (ZEC) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues then ZCash (ZEC) will hit $120 soon.
ZCash (ZEC) price is expected to reach $126 by 2023.
ZCash (ZEC) price is expected to reach $138 by 2024.
Zcash (ZEC) price is expected to reach $144 by 2025.
Zcash (ZEC) price is expected to reach $153 by 2026.
Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
Recommended For You
Source: https://thenewscrypto.com/zcash-zec-price-prediction