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Zcash Price Analysis: ZEC Getting Ready To Take Off

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  • Zcash bounced back from the support of $116.11 to $140.34 on Thursday’s trading session
  • The 24-hour volume in ZEC is at $601,309,814 with a 38.23% increase.
  • The ZEC/BTC pair was trading at 0.002559 BTC with a gain of 3.76%
Source:ZEC/USD on TradingView

The 4-hour technical chart of Zcashprice projects a positive trend. According to pivot points, ZEC critical support level is placed at $116.11. Whereas if it moves up, the key resistance level to watch is $188.17. While diving into the weekly chart of a 4-hour time-frame, it completes a dark cloud cover candlestick pattern. It shows a shift in momentum to the downside following a price rise.

SMA-50 & 100 acts as another strong support in the coin. SMA-50 (purple) intersects above the SMA-100 (white), which projects a beginning of a bullish trend. The price is above both the SMA’s. Investors may perceive a positive crossover in the chart, the price will also follow the positive trend.

RSI indicator (BULLISH), with a value of 60, indicates a buy signal in the coin. Moreover, Investors can see a downward slope from 71 to 60 in the index, it may bounce back from the neutral zone in future trading sessions.

Zcash Can Give Upto 35% Returns 

Zcash price traded at $140 with a gain of 5.0% in the last 24-hour and 15.55% up in the weekly time-frame. In contrast, the market capitalization stands at $1.58 billion. Technically, investors can perceive a positive crossover in SMA. Moreover, the movement of price can be towards the resistance of $188.17.

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Resistance: $188.17

Support: $116.11

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ZCash is Back: Major CEX Bittrex Relists ZEC

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One of the most popular privacy-focused cryptocurrencies, ZCash (ZEC), is available on Bittrex again.

Bittrex, a cryptocurrency exchange with fiat support, listed in the top 15 by trading volume, brings ZCash (ZEC) back to its spot trading suite.

ZCash (ZEC) is relisted by Bittrex

According to the official announcement shared by the Bittrex Exchange team, ZCash (ZEC) privacy-focused cryptocurrency is back on the platform.

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On June 30, 2021, when ZEC cheerleaders challenged Monero’s privacy, its former lead maintainer Riccardo “Fluffy Pony” Spagni asked one of them to de-obfuscate the transaction he shared.

The arrogant ZEC enthusiast failed to respond to the challenge.

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ZCASH, HOT, HBAR, CHZ, Price Attempt To Rebound, Levels To Watch-Out!

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he crypto space experience a massive blood-bath, somewhat similar to that of the mid-may crash, yet with low intensity. The plunge in Bitcoin price of about more than $7000 in minutes amazed the space. And the Ethereum price, Cardano price and XRPprice also appeared to have shaken up. Therefore, while the major cryptocurrencies dip, yet the altcoins with low market cap follow. ZCASH, HOT, HBAR, CHZ, etc price struggling to shed more gains.

ZCASH Price 

Following the market trend, the ZCASH pricealso had bottomed hard to hit $121. Yet with strong bullish momentum, the asset rebounds well. The price accumulated well after a substantial uptrend from its lows. On the path to hit $200, a major crash dragged down the price below. However, the price rebounded before the strong support levels at $102, hence keeping the hopes alive for an uptrend. However, the levels surrounding $174 are pivotal to head towards the target.

Holo (HOT) Price

Holo price has experienced a massive breakdown every now and then. The recent attempt to smash the immediate resistance levels at $0.0165 also went in vain due to bearish market sentiments. Yet the assets appear to be in the bearish trap and could visit lower lows. Currently testing one of the important support levels at $0.009532 & a bounce could change the game. 

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Hedera Hashgraph(HBAR) Price

HBAR price appears to be more consistent compared to the other altcoins in the crypto space. After an extensive rally in the first half of 2021, the mid-may crash could not extract much of the price. However, despite multiple pullbacks, yet the price continued to propel high aiming the set target. The recent crash has neutralized the gains of the past couple of days, yet hitting $0.33 could confirm an uptrend. 

Chiliz (CHZ) Price

Chiliz price amazed the crypto space with huge spikes that faded later. The mid-may crash affected teh price rally to some extent, as it continued to consolidate for a very long time. Yet in very recent times, the price initiated to climb high. Woefully, the fresh downtrend dragged the price below $0.3, yet bounced back perfectly. Currently, it is important for the price to march above $0.45 to confirm the uptrend. 

To summarize, the altcoins are following a substantial retracement following a steep fall. As BTC price, ETH price, ADA price and XRP price are recovering their losses, many altcoins also follow. And hence an upcoming couple of hours could be extremely crucial for the price to sustain within the uptrend. 

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Zcash Price Analysis: ZEC Coin Price Continues To Fall For The Next Support

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  • ZEC coin price is currently in a downtrend and can soon hit the support of 100MA.It is trading with a loss of 3.3% in the intraday session.
  • Zcash price technical indicators suggest a downtrend in price for the future. In contrast, ZEC/BTC pair is also down by more than 3.89% in the past 24 hours

ZEC coin price is currently in a downtrend and can soon observe a new low in the future. Zcash coin price has observed a loss of more than 4% in the past 24 hours.  The coin has a negative ROI of -96% but it can soon convert to the positive and reach to a new high.

The bullish trend of the ZEC can see a halt near the value of $175. On the downside it may observe a bounceback from $130. Zcash coin price is currently trading above the 50 and 100 Days Moving Average. The price may hit the support of 100MA very soon.The 100MA  line is near $129 which may act as a temporary resistance for the price. ZEC/BTC pair can also observe a breakout from the previous resistance and can skyrocket . One can invest in ZEC as per the price action and their risk adversity.

Zcash coin has a market dominance of more than 0.09% and is ranked 63rd in the CMC. ZEC price is currently down by more than 90% from its all time high but can soon revert to the uptrend. Volume to market capitalization ratio of the coin price hints towards a strong uptrend in price for the future

Technical Indicators Of The ZEC Coin Price Suggests A  Downtrend In Price

Source: Trading view

The weekly technical  chart of ZEC crypto price suggests a bullish momentum in price for the future. On the daily chart the asset price is currently in a downide momentum   ZEC coin price might hit a lower support in the future. The coin price has formed a bearish engulfing pattern on the daily chart. If the price continues to go down in the channel then it may hit a support of $100. ZEC/BTC pair can also see a new high being formed in the future

CONCLUSION

ZEC crypto price is currently observing a downtrend but can soon see a new high. It can soon be profitable to the investors in future. ZEC/BTC pair can also see a strong bullish rally

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TECHNICAL LEVELS

Major Resistance:$200

Major Support:$100

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