Zcash Price Prediction for Today, August 27

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

Updated: 27 August 2023

Disclosure

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

Join Our Telegram channel to stay up to date on breaking news coverage

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

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

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.

New OKX Listing - Wall Street Memes

Rating