Zcash Price Prediction – ZEC Price Estimated to Drop to $ 34.34 By Apr 05, 2023

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

• Zcash is up 3.61% today against the US Dollar
• ZEC/BTC increased by 4.58% today
• ZEC/ETH increased by 3.13% today
• Zcash is currently trading 11.42% above our prediction on Apr 05, 2023
• Zcash dropped -14.27% in the last month and is down -80.02% since 1 year ago

ZEC price is expected to drop by -10.25% in the next 5 days according to our Zcash price prediction

Zcash price today is trading at $ 38.26 after gaining 3.61% in the last 24 hours. The coin outperformed the cryptocurrency market, as the total crypto market cap increased by 2.72% in the same time period. ZEC performed well against BTC today and recorded a 4.58% gain against the world’s largest cryptocurrency.

According to our Zcash price prediction, ZEC is expected to reach a price of $ 34.34 by Apr 05, 2023. This would represent a -10.25% price decrease for ZEC in the next 5 days.

ZEC Price Prediction Chart

Buy/Sell Zcash

What has been going on with Zcash in the last 30 days

Zcash has been displaying a negative trend recently, as the coin lost -14.27% in the last 30-days. The medium-term trend for Zcash has been bullish, with ZEC increasing by 0.95% in the last 3 months. The long-term picture for Zcash has been negative, as ZEC is currently displaying a -80.02% 1-year price change. On this day last year, ZEC was trading at $ 191.47.

Zcash reached its all-time high price on Oct 29, 2016, when the price of ZEC peaked at $ 5,941.80. The current ZEC cycle high is $ 368.22, while the cycle low is at $ 18.53. ZEC has been displaying low volatility recently – the 1-month volatility of the coin is at 8.54. Zcash recorded 15 green days in the last 30 days.

Zcash technical analysis for today - Mar 31, 2023

The sentiment in the Zcash markets is currently Bearish, and the Fear & Greed index is reading Greed. The most important support levels to watch are $ 36.90, $ 35.98 and $ 35.52, while $ 38.28, $ 38.75 and $ 39.67 are the key resistance levels.

Bearish sentiment for Zcash

14 indicators are currently signaling a bullish prediction for Zcash, while 15 indicators are showing a bearish forecast. With 52% of indicators favoring a negative prediction. This results in an overall Bearish sentiment for Zcash.

Crypto market is currently experiencing Greed

Currently, the Fear & Greed index is at 63 (Greed), which signals that investors have a positive outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

Zcash moving averages & oscillators

Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Zcash is positioned in the market right now.

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Zcash is at 51.30, suggesting that ZEC is currently neutral.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Zcash over the last 50 days. Currently, Zcash is trading above the SMA 50 trendline, which is a bullish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the ZEC closing price for the last 200 days. ZEC is now trading above the SMA 200, signaling that the market is currently bullish.

The bottom line about this Zcash prediction

After considering the above factors, we can conclude that the current forecast for Zcash price prediction is Bearish. ZEC would have to decrease by -10.25% to hit our $ 34.34 target within the next five days. Moving forward, it will be important to monitor the ZEC market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Zcash price predictions click here.

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.