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Zcash (ZEC) Escalates Marginally in the Last 5 Days

Zcash seems to surprise everyone in the coming few months.  ZEC price is recently seen trading at $37.4445 at 08:47 UTC on October 10, 2019. In the last five days, the price was seen trading at $37.2383 at 03:20 UTC on October 5, 2019. Zcash price then dropped by 5.37% on October 7, 2019, at 01:15 UTC seen trading at $35.2401. The value then escalated by 8.10% to the highest touch point of $38.0935 at 02:25 UTC on October 8. 2019.

ZEC coin price was seen decreasing by 5.06% on October 8, 2019, at 21:00 UTC seen trading at $36.1673. The value then escalated by 3.67% as of now.

Zcash Price Prediction:

Based on the statistics from the last 30 days, the value of ZEC coin is fluctuating in the bearish zone, leading to ‘buying’ the currency as an ideal trade decision for now. From the above discussion & ZEC Price Prediction, the short-term movement, Zcash value might drop and face next support of $36.97. By the end of the year, ZEC price might cross its crucial resistance of $41. So be ready to see your figures changing pretty soon.

The resistance and support levels are calculated as below:

R1: 39.01, R2: 39.73 and R3: 41.05

S1: 36.97, S2: 35.65 and S3: 34.93

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.