Zcash (ZEC)
Zcash (ZEC)
Zcash outperformed several altcoins and claimed the second spot in terms of weekly gainers. As of now, Zcash boasts an intraday rise of over 3% and a total of over 23% a week. It is a decentralized cryptocurrency focused on privacy and anonymity.
From a price point of view, Zcash has made a strong breakout of a range of nearly four weeks consolidation. The recent breakout has highlighted a bullish trend prevailing in the short term as well as long term.
On the higher side, the analysts are anticipating a potential of nearly 20% till the $43 level. Also, a bullish crossover between RSI line at 68 pints and that of the SMA line at 62.8 was noted on the charts which validates the possibility of a trend continuation.
Zcash outperformed several altcoins and claimed the second spot in terms of weekly gainers. As of now, Zcash boasts an intraday rise of over 3% and a total of over 23% a week. It is a decentralized cryptocurrency focused on privacy and anonymity.
From a price point of view, Zcash has made a strong breakout of a range of nearly four weeks consolidation. The recent breakout has highlighted a bullish trend prevailing in the short term as well as long term.
On the higher side, the analysts are anticipating a potential of nearly 20% till the $43 level. Also, a bullish crossover between RSI line at 68 pints and that of the SMA line at 62.8 was noted on the charts which validates the possibility of a trend continuation.
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