ZCash [ZEC] technical analysis and price prediction 2018, 2020
As the crypto market is on a path of recovery today, ZCash is beginning to resume an uptrend and is gradually edging towards the bullish trendline. The coin is showcasing a tight trading range and is experiencing wavering seller and buyer pressure.
ZEC prices are aiming for the 100 EMA line trading at $133.599. ZEC is exchanging hands in green at $132.27 and is gaining against USD by 3.72% at the time of writing. After losing over 10% in the recent bear run the prices found support at the intraday low traced at $125.89 yesterday. The prices found solid footing at $125.89 and started rising to set the second support level found at 127.71 which experienced a minor breakout. However, a surging buyer pressure sent the prices riding an uphill again. The current resistance level is set at $137 and the MACD signifies that the prices have just gained a bullish momentum.
Currently, one ZEC is equal to 0.0206 BTC and it is gaining against 1.13%.
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.
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