Zcash Price Prediction: ZEC Just Jumped 12% in a Day. Can It Get Back to $1,500?
4 Articles
4 Articles
Zcash Price Prediction: ZEC Just Jumped 12% in a Day. Can It Get Back to $1,500?
Zcash just posted one of its biggest single-day gains of the month, outpacing Bitcoin and Ethereum by a wide margin, but a looming network upgrade and a telling gap in trading volume raise real questions about whether this rally has the fuel to finish the job.
Zcash (ZEC) fell to $1,233 after reaching $1,346 on October 22nd; a loss of 8.2% in 24 hours. The composite score indicates support at $1,215 and resistance at $1,376.
ZEC quotes in USD $1,348.61 after an advance of 7.32% compared to previous closure, with high volume and mixed technical signals: MACD improves, but stochastic points to overpurchase. The UN7 update offers a plausible catalyst, although the data does not prove that it explains the upturn on its own. We review levels derived from available information, risks, scenarios and strategies for different horizons.
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