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Zcash fell under the $47.60 price level around a mid-last month. Subsequently, market activity in the ZEC/USD market has been occurring below this level without a significant attempt to break above this price mark. However, at this point, the current price move seems to be attempting to break up this $47.60 resistance.
Zcash Analysis Statistics Data:
ZEC value now: $45.90
ZEC market cap: $726.93 million
Zcash moving supply: 15.83 million
ZEC Total Supply: 15.83 million
Zcash Coinmarketcap ranking: #54
Key price Levels:
Top: $45.90, $48.50, $50.00
Floor: $45.00, $44.00, $43.00
Zcash Price Prediction Today December 2, 2022: ZEC/USD Continues to Show Positivity
Price action in the ZEC/USD seems to have found considerable strength with which it can attack the long-standing resistance of $47.60. With the appearance of the last price candle on this chart price action moves closer to testing this previously mentioned resistance. Also, the Relative Strength Index indicator lines have now reached the overbought area. In addition, the lines of this Indicator are still widely separated, and this seems to portray that the upside strength here may have reached a significant level. Consequently, this may result in Zcash’s price soon reclining to $47.60.
Zcash Price Prediction Today December 2, 2022: ZEC/BTC Continues to Maintain Its Impressive Performance
As against the BTC, Zcash continues its impressive market performance. On the daily ZEC/BTC chart, price action has been able to break the resistance of 0.002634, and it is still moving upwards. The last price candle here behaves as if it has found support at the 0.002634 level. Also, price action is now significantly above the MA line, while the RSI curves continue to rise steadily into the overbought region. Summing up all the observed signs from technical indicators, traders should prepare to see price moving toward the 0.002800 mark.
ZEC/USD has put on a nice market performance. Also, signs picked up from this market seem to be portraying more profitable price movement. Likewise, the IMPT Token is another crypto that possesses better potential. The Impact Token enables everyone to contribute to a more sustainable and greener environment. Now is a great chance to invest in the project, as this Impact Token is currently on presale and approximately $13.5 million has been gathered since the start of the presale.
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