- Zcash trend suggests a weak upside move in the future. It is currently trading near $43
- ZEC is trading below 50 and 100 Daily Moving Average. Meanwhile,ZEC/BTC pair has seen an increase of 3.29%
Zcash is a privacy focused blockchain which uses Zk snark technology. Zk snark allows to verify transactions without revealing much information. Zcash crypto was founded in 2016 by cypher punk expert Zooko Wilcox-O’Hearn. He has contributed to various projects and has over 25 years of experience. He is also the founder of Electric coin company which sees the development of Zcash. ZEC has seen a fall of over 99% from its all time high of $5941 in 2016. It has also a negative ROI. The reason behind the fall of Zcash price is the delisting of privacy focused coins from exchanges. Various analysts believe a strong trend will come in ZEC soon.
Zcash is currently ranked 54th in the Cryptoverse and has a market dominance of 0.08%. Volume of the asset price has seen a decline of over 28% in the intraday session. Volume to market cap ratio of ZEC suggests a downside trend for the future.
Bulls Of ZEC Expecting A Strong Run
The weekly technical chart of Zcash suggests a consolidated trend in price. On coming to the daily chart the asset price is trading near the value of $43 with a gain of 3%. The upside trend of Zcash can see a halt near $55. Meanwhile the bounceback in ZEC can be seen near $30. The asset price is trading below 50 and 100 Daily Moving Average. It can soon see a positive crossover which can push the price to a new high.
MACD of the ZEC is forming bars in negative zone. There is a potential of downtrend as -per the MACD.
ສະຫຼຸບ
Zcash has been looking for a strong upside move from quite some times. The current momentum of ZEC suggests a weak bullish momentum for future.
ລະດັບເຕັກນິກ
ການສະ ໜັບ ສະ ໜູນ ຫຼັກ: $ 30
ການຕໍ່ຕ້ານທີ່ ສຳ ຄັນ: 55 $
ຂໍ້ສັງເກດ
ທັດສະນະແລະຄວາມຄິດເຫັນທີ່ຂຽນໂດຍຜູ້ຂຽນ, ຫຼືຄົນທີ່ມີຊື່ໃນບົດຄວາມນີ້, ແມ່ນສໍາລັບຄວາມຄິດທີ່ເປັນຂໍ້ມູນເທົ່ານັ້ນ, ແລະພວກເຂົາບໍ່ໄດ້ສ້າງຕັ້ງທາງດ້ານການເງິນ, ການລົງທຶນ, ຫຼືຄໍາແນະນໍາອື່ນໆ. ການລົງທຶນໃນຫຼືການຊື້ຂາຍຊັບສິນ crypto ມາພ້ອມກັບຄວາມສ່ຽງຂອງການສູນເສຍທາງດ້ານການເງິນ.
Source: https://www.thecoinrepublic.com/2022/12/18/zcash-price-analysis-is-a-breakout-imminent-in-zec-coin-price/