ZEC/USD Holds Strong at $41 Level

At the time of writing, the Zcash price prediction is seen trading above the $40 price mark and it is currently changing hands at $41.

Zcash Prediction Statistics Data:

• Zcash price now – $41
• Zcash market cap – $671 million
• Zcash circulating supply – 16.3 million
• Zcash total supply – 16.3 million
• Zcash Coinmarketcap ranking – #73

ZEC/USD Market

Key Levels:

Resistance levels: $50, $55, $60

Support levels: $30, $25, $20

ZEC/USD has once again touched the $41.8 mark as the crypto has faced the path of development since the beginning of today but the bullish movement can only be confirmed if the market price crosses above the upper boundary of the channel. However, the Zcash price is hovering above the 9-day and 21-day moving averages at $41 with 3.04% gains in the last 24 hours.

Zcash Price Prediction: Zcash (ZEC) May Gain More

As the daily chart reveals, traders can observe that since the beginning of this month, the Zcash price has not been able to display a strong bullish momentum. Nevertheless, the good thing is that the coin is not decreasing drastically. Therefore, the Zcash price needs to stay above $40 consistently for the next few days to regain the proper bullish momentum as the technical indicator Relative Strength Index (14) moves to cross above the 60-level.

At the time of writing, the Zcash price only needs to conquer a few crucial resistance levels of $43 and $46 to stay comfortably at the top. Now, if the coin closely manages these levels well, then it could reach the potential resistance levels at $50, $55, and $60 respectively. On the downside, if the bears bring the coin below the moving averages, ZEC/USD could drop below the lower boundary of the channel, and any further bearish movement could drag it to the critical supports at $30, $25, and $20 respectively.

Against Bitcoin, Zcash is consolidating within the 9-day and 21-day moving averages. The Zcash price is changing hands at 1360 SAT as the technical indicator Relative Strength Index (14) moves to cross above the 50-level.

However, the daily chart reveals buyers are likely to have the day as the resistance level to be reached could be 1800 SAT and above. Conversely, a lower sustainable move toward the lower boundary of the channel may cancel the bullish pattern and could attract new sellers to hit the support at 1000 SAT and below.

Zcash Alternatives

At the time of writing, the Zcash price is beginning to follow an upward movement and a break above the $45 level could encourage more buyers to increase their entries. However, the Zcash price is currently hovering at $41, although the coin touches the daily high of $41.85 resistance level, it could probably retest $39 before it rises again. Nevertheless, Love Hate Inu’s team has made the presale as accessible as possible so that investors of all types can get involved. Moreover, the LHINU token is poised to enter the thriving online survey software market and about $4.5m has been raised in the presale.

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