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Zcash Price Prediction for Today, December 2: ZEC/USD Settles Above $45 Resistance

Zcash Price Prediction for Today, December 2: ZEC/USD Settles Above $45 Resistance
Zcash Price Prediction for Today, December 2: ZEC/USD Settles Above $45 Resistance

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The Zcash price prediction reveals that ZEC may continue to follow the bullish movement as the coin hovers around the $45 resistance level.

Zcash Prediction Statistics Data:

  • Zcash price now – $45.8
  • Zcash market cap – $729.2 million
  • Zcash circulating supply – 15.8 million
  • Zcash total supply – 15.8 billion
  • Zcash Coinmarketcap ranking – #54

ZEC/USD Market

Key Levels:

Resistance levels: $60, $65, $70

Support levels: $35, $30, $25

Based on the current prediction, ZEC/USD could hit $50 in the next positive step, if the bulls continue to increase the buying pressure. The Zcash price is currently trading at $45.85, although the coin touches the daily high of $46.42 resistance level above the 9-day and 21-day moving averages, it could probably retest $44 before it rises again.

Zcash Price Prediction: ZEC/USD May Spike to the Upside

At the time of writing, the Zcash price is beginning to follow an upward movement. A break above the $45 level could encourage more buyers to increase their entries, and this could push the price to the resistance levels of $60, $65, and $70. On the downside, once the price breaks below the moving averages and heads toward the lower boundary of the channel, the sell-off could gain traction with the next focus below the $40 support.

Moreover, if the above mentioned-support is broken, the downside pressure may increase while the next support may be created at around $35, $30, and $25. The technical indicator Relative Strength Index (14) is likely to cross above the 60-level to increase the bullish movement.

When compares with Bitcoin, the Zcash price is hovering above the 9-day and 21-day moving averages and a daily close above the resistance level of 2700 SAT could encourage the bulls to extend the rally towards 3000 SAT and above. In other words, a close below the 9-day and 21-day moving averages could reverse the Zcash price direction towards the daily support at 2500 SAT.

ZECBTC – Daily Chart

However, any bearish movement could take the coin to the support of 2400 SAT and below. Meanwhile, there is a possibility that ZEC/USD may continue the bullish trend as the technical indicator Relative Strength Index (14) crosses above the 60-level with the signal line facing up to indicate bullish movement.

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