Zcash Price Prediction for Today, August 27 – ZEC Technical Analysis

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The Zcash price prediction shows that ZEC may need to follow the bullish movement if the coin spikes above the channel.

Zcash Prediction Statistics Data:

Zcash price now – $25
Zcash market cap – $408.2 million
Zcash circulating supply – 16.3 million
Zcash total supply – 16.3 billion
Zcash Coinmarketcap ranking – #78

ZEC/USD Market

Key Levels:

Resistance levels: $32, $34, $36

Support levels: $18, $16, $14

ZECUSD – Daily Chart

ZEC/USD is currently trading at $25 and the price could hit the $30 resistance level if the bulls increase the buying pressure. Although the coin touches the daily high of $25.35 resistance level above the 9-day moving average and could probably retest the support of $24 before it rises again.

Zcash Price Prediction: ZEC/USD Bulls May Gather Momentum

Looking at the daily chart, the Zcash price may begin to follow an upward movement, should the bulls increase the buying pressure within the channel. A break above the 21-day moving average may encourage more buyers to increase their entries, and this could push the price to the resistance levels of $32, $34, and $36. On the contrary, if the market price slides below the 9-day moving average and heads toward the lower boundary of the channel, the sell-off could gain traction with the next focus below the $23 support.

Nevertheless, once the Zcash price breaks below the channel, the downside pressure may increase while the next support could be found at $18, $16, and $14. Meanwhile, the technical indicator Relative Strength Index (14) may cross above the 40-level which could increase the bullish movement.

ZEC/BTC Gets Ready for the North

Against Bitcoin, the Zcash price is likely to cross above the 9-day and 21-day moving averages and a daily close above the upper boundary of the channel may encourage the bulls to extend the rally toward the resistance level of 1200 SAT and above. However, a close below the 9-day and 21-day moving averages could reverse the Zcash price direction toward the daily support at 800 SAT.

Zcash Price Prediction for Today, August 27 – ZEC Technical Analysis — ZECBTC – Daily Chart

Therefore, any bearish movement below this level could bring the coin to the support of 750 SAT and below. Meanwhile, there is a possibility that ZEC/BTC may follow the bullish trend as the technical indicator Relative Strength Index (14) moves to cross above the 50-level with the signal line facing up.

Alternatives to Zcash

The Zcash price has once again touched the $25.35 mark as the crypto has faced the path of development since the beginning of today but the bullish movement can only be confirmed if the market price crosses above the 9-day and 21-day moving averages.

Meanwhile, the Wall Street Memes ($WSM) has become one of the most successful tokens of the year. By leveraging a massive community behind it, the token has raised over $25m in the presale and now waiting for the official launch on multiple tier 1 exchanges in the next few days.

Wall Street Memes – Next Big Crypto