Coinidol.com: Zcash Continues Its Range above $300

The Zcash price is in a sideways trend and has fallen below the moving averages.

For the past month, the altcoin has been trading in a range above the $300 support and below the moving average lines or the $600 resistance level.

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

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

The 21- and 50-day SMAs are moving horizontally, indicating a lateral trend. The 21-day SMA has crossed below the 50-day SMA, signalling a decline. On the 4-hour chart, the price bars are above the upward-sloping moving average lines. The altcoin will appreciate if the price remains above the moving average lines.

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.