Short Zcash for 30% profit: Zcash next target identified

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Zcash is demanding a short position right now on the charts looking at the pattern. The next target for this crypto has been identified.

In this article, we will look at Zcash price analysis along with weekly analysis and news roundup.

For on-demand analysis of any cryptocurrency, join our Telegram channel.

ZCash Price Analysis

  • Current Price: $16.50
  • Market Cap: Approximately $257 million
  • 24h Trading Volume: Around $40 million
  • Circulating Supply: 15.6 million ZEC
  • Total Supply: 21 million ZEC
Zcash Price Analysis

Falling Wedge identified pattern. This pattern is still in the process of forming. Possible bearish price movement towards the support 14.0743 within the next 17 days.

Weekly Price Analysis

Zcash has seen price hovering around $16.50. The price briefly spiked to $17.00 following positive news but settled back.

All Time High Price ($)3,191.93
% Down from ATH-99.37%
ATH DateOct 29, 2016, 5:30:00 AM
Days since ATH2809

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52-Week
52-Week High35.646
% Down from 52-Week High-43.57%
52-Week Low15.801
% Above 52-Week Low27.31%

News Roundup

  • Grayscale has filed with the SEC to include Zcash in a new Privacy ETF, causing a temporary price spike earlier in the week.
  • Zcash recently addressed a potential exploit that affected multiple privacy coins, reinforcing its commitment to security and user privacy.

For on-demand analysis of any cryptocurrency, join our Telegram channel.

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Harsh Panghal
Harsh Panghal

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