ZCash [ZEC] experienced a major buyer pressure at the beginning of the day which caused the prices to soar to an intraday high of $132.89. However, as the day progressed the prices started falling as the sellers took charge of the market causing the prices to tumble without finding a support.
The prices which were on an uptrend at the beginning of the day resumed a downtrend as the seller pressure mounted at $133 mark. The seller pressure seems to be pushing the prices below $133 setting a new resistance level. The prices are currently testing support at $124.97 but a breakout from the support level seems probable. The AMCD which inched over to the bullish trendline at the beginning of the day can now be seen moving back into trading in the bearish zone. The 100 EMA line trading at $134.196 is exhibiting a downtrend. ZEC is currently trading at $126.61 and is gaining against USD by 1.12%.
Currently, one ZEC is equal to 0.01999 BTC and it is gaining against BTC by 1.27%.
ZEC Price Prediction 2018, 2020
According to Tradingbeasts, ZEC is expected to reach around $347.91 by the end of 2018. By the end of 2020, the prices will close trading at $541.84. Longforecast predicts the prices to close trading at $88 by the end this year. The 2020 forecast says the prices are expected to start trading again in the $200 margin and expects the price to touch $288.
ZCash Latest Updates
- Bittrex has added ZCash to its exchange platform. They have enabled USD market for ZCash.
- Dogecoin beat Zcash to gain the 20th position on the top cryptocurrencies list by market capitalization.
- Slushpool, the first bitcoin mining pool, announced that it will use its new servers to mine ZCash along with Bitcoin.
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