Zcash Price Prediction for Today, June 26: ZEC/USD Heads to the Upside; Price Could Hit $35 Level
The Zcash price prediction may likely set a bullish run if the market can climb back above the $32 resistance level.
Zcash Prediction Statistics Data:
- Zcash price now – $30.13
- Zcash market cap – $493 million
- Zcash circulating supply – 16.3 million
- Zcash total supply – 16.3 billion
- Zcash Coinmarketcap ranking – #77
ZEC/USD Market
Key Levels:
Resistance levels: $36, $38, $40
Support levels: $25, $23, $21
ZEC/USD touches the daily high at $32.12 during the European session today. The market is sliding a little toward the support level of $28 with a price loss of 1.20%. However, Zcash (ZEC) is beginning to maintain a bullish movement within the channel and traders can expect the price to continue to rise as soon as the bulls put more pressure on the market.
Zcash Price Prediction: Would ZEC Price Break to the Upside?
If the Zcash price break below the 9-day and 21-day moving averages, it could slide back to $24 support. Moreover, if the price begins to respect the upward movement, traders can then expect a bullish continuation above the upper boundary of the channel. Therefore, as the technical indicator Relative Strength Index (14) moves to cross above the 60-level, the next resistance levels could be located at $36, $38, and $40 respectively.
Meanwhile, a bearish break toward the lower boundary of the channel could play out if the bears increase the selling pressure. Once this comes to focus, a bearish extension could roll the coin back to the long-term support levels at $25, $23, and $21. However, a continuous fall might further lead to a violent break in the negative side.
When compares with Bitcoin, buyers are likely to step back into the market while the Zcash price is trying to show some promising signs that could make higher highs should it keep on moving above the 9-day and 21-day moving averages. From the upside, the nearest resistance level lies at 1100 SAT, and the higher resistance lies at 1200 SAT and above.
Meanwhile, from the downside, the nearest support level is located at 900 SAT, and if the price drops further to create a new low, lower support could be located at 800 SAT and below. The technical indicator Relative Strength Index (14) is moving to cross above the 50-level which shows that the bulls are coming into focus.
Zcash Alternatives
If the ZEC/USD market bulls build firmly upon the current trending force to the upside, the price may systemically extend above the upper boundary of the channel at $35 resistance which could push the coin higher. As it is, it may be a good time for long-term investors to start looking in the direction of this trade by joining or increasing their portfolio size.
On that note, the Wall Street Memes Token ($WSM) has become one of the most successful tokens of the year. By leveraging a massive community behind it, the token is speeding through a highly successful presale at the moment. Meanwhile, the token has raised almost $9 million in investment since its official presale launch.
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