Price Analysis

ZEC Trades with Volatility; Hovers Around $35

Zcash price comparison over the past 5 days indicates the present bearish movement. It was trading as low as $36.48 as on October 13, 2019 and on the same day it rose to $37.52 with almost 3% growth. Despite of several falls over the next few days, it managed to reach $37.52 on October 15, 2019, exhibiting a double top. However, unable to maintain its performance, the price saw a drop by 6% on the next day. On October 17, 2019 the price remained constant at $37.74.

Zcash Price Analysis:

ZCash Price Chart

Zcash, today is indicating a downtrend by almost 4% when compared with the trading price of $37. We anticipate that as per the current trend, ZEC price may trade around the current price area only or may continue to remain pale, as observed from the current movement.

Today, ZEC is expected to be traded in the range of $35.60 and $37.00. Investors can either purchase new coins or sell some as per your discretion. The MACD indicator indicates the downtrend for the coin as it is below zero with a bearish outlook. The movement over the past 5 days has been haphazard with several rises and falls. Hence it is advisable to trade from a long term perspective.

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