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Bears Dominate ZCash Price on a Continual Downtrend

As on October 1, 2019, and the movement for the coin was bullish. Gradually the price of the coin started to decline and fell to $36.48 on October 3, 2019. However, the following day, ZEC price rose and reached $37.64, which turned out to be temporary. There were couple of sharp falls over the next few days with price reaching the lowest at $35.19 today. While writing this price comparison, ZEC was indicating a bearish run.

ZEC to USD Price Analysis:

According to Zcash Prediction, ZEC indicates a bearish trend by 6.70% when compared with the price of October 1, 2019. We predict that the price trend will continue to remain the same until the market scenario gets better. It is expected that the price of Zcash will rise in coming years.

We strongly suggest selling of the existing investment in ZCash as per the present movement noticed. ZEC can be traded today in the range of $35.05 and $36.92. Over the past several days, ZEC has witnessed many rises and falls. Despite the uneven trend, the coin has managed to remain in the range of $35 to $38 without any drastic rise or fall as such. ZEC has huge potential in the digital space, and after a period of 5 years, it can continue to grow further and attain newer heights.

Matthew Diaz: Matthew Diaz is a full stack developer working in NameCoinNews on blockchain and cryptocurrency related websites. He has a comprehensive knowledge of exploring different technical tools to analyse market trends of cryptocurrencies. He has over a decade experience of technical analysis and assisting companies to achieve desired solutions. He is avid cyclist and music enthusiasts.