Coinidol.com: Zcash Oscillates Above Its $300 Low

The Zcash price fell below the moving average lines after being rejected at the $600 level.

ZEC price long-term forecast: ranging

Buyers failed to push the altcoin to its previous high of $740. Currently, the cryptocurrency price has dropped to the support level of $300.

Technical Indicators

Key Resistance Zones: $700, $750, and $800

Key Support Zones: $400, $350, and $300

Zcash price indicators analysis

The price bars are below the horizontal moving average lines. The crypto is range-bound due to the presence of small, indecisive candlesticks known as Doji candlesticks. On the 4-hour chart, the price bars are below the downward-sloping moving average lines, indicating a downtrend.

What is the next move for Zcash?

Disclaimer. This analysis and forecast are the personal opinions of the author. The data provided is collected by the author and is not sponsored by any company or token developer. This is not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by Coinidol.com. Readers should do their research before investing in funds.