Zcash Price Prediction for Today, June 19: ZEC/USD Could Settle Above $25 Resistance

Updated: 20 June 2023

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The Zcash price prediction reveals that ZEC may continue to follow the bullish movement as the coin hovers around the $25 resistance level.

Zcash Prediction Statistics Data:

Zcash price now – $25.8
Zcash market cap – $421 million
Zcash circulating supply – 16.3 million
Zcash total supply – 16.3 billion
Zcash Coinmarketcap ranking – #83

ZEC/USD Market

Key Levels:

Resistance levels: $34, $36, $38

Support levels: $18, $16, $14

Zcash Price Prediction for Today, June 18: ZEC/USD Could Settle Above $25 Resistance — ZECUSD – Daily Chart

According to the current prediction, ZEC/USD could hit $30 in the next positive step if the bulls continue to increase the buying pressure. At the moment, the Zcash price is trading at $25.8 above the 9-day moving average; it could probably retest $24 before it rises again.

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

At the time of writing, the Zcash price continues to follow an upward movement and a break above the $26 level could encourage more buyers to increase their entries, this could then push the price to the resistance levels of $34, $36, and $38. On the downside, once the price breaks 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 $22 support.

Moreover, if the above mentioned-support is broken, the downside pressure may increase while the next support may be created at around $18, $16, and $14. The technical indicator Relative Strength Index (14) is likely to cross above the 40-level to increase the bullish movement.

Against Bitcoin, the Zcash price is hovering above the 9-day moving average and a daily close above the resistance level of 1000 SAT could encourage the bulls to extend the rally towards 1150 SAT and above. In other words, a bearish cross below the 9-day moving average could reverse the Zcash price direction toward the daily support at 850 SAT.

However, any further bearish movement could take the coin to the support of 800 SAT and below. Meanwhile, there is a possibility that ZEC/USD may continue the bullish trend while the technical indicator Relative Strength Index (14) is recovering from the oversold region with the signal line facing up to indicate bullish movement.

Alternatives to Zcash

In the past few days, after the Zcash (ZEC) crossed above the 9-day moving average, ZEC/USD is now looking forward to creating additional gains. Moreover, the daily chart reveals that if the 9-day moving average crosses above the 21-day moving average, the coin may head to the upside.

However, Wall Street Memes benefits from a previously-established community spread across various social media channels. The research shows that it was inspired by the GameStop saga of 2021, where individual investors challenged the big dogs on Wall Street – and won. Meanwhile, the token has raised almost $9 million in investment since its official presale launch.

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