Zcash (ZEC)
Current Price: $36.74
24h Change: +3.93%
Daily Trading Range: $32.29 – $40.13
24h Trading Volume: ~$89.62 million
Market Capitalization: ~$650 million
Market Overview
Zcash (ZEC) has increased by 3.93% over the past 24 hours, trading between $32.29 and $40.13. The daily trading volume is around $89.62 million, indicating strong investor interest.
Technical Analysis
RSI (14): 70 – The market is currently in an overbought state.
MACD: The MACD line is above the signal line, suggesting a strong upward trend.
Support Level: $32.29
Resistance Level: $40.13
🔮 Price Prediction for April 29, 2025
Bullish Scenario: If Zcash holds above the support level of $32.29 and sees new inflows, the price could target $38.00.
Bearish Scenario: A drop below $32.29 might lead to a correction towards the $30.00 range.
Conclusion
Based on the current technical indicators and market trends, Zcash shows strong short-term growth potential. However, investors should monitor support and resistance levels closely to adjust their trading strategies.
