Zcash News

ZEC Witnessed Constant Drop of Over 60% from the Highest Observed in June 2019

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Zcash version 2.0.07-3 was recently released which included the major security fix in the network. And thus, all the operators are asked to upgrade their nodes.

Zcash Price Analysis:

Considering the data statistics from last 5 day, the Zcash price was initially seen trading at $49.2041 on September 21, 2019, at 02:120 UTC. ZEC price from then drastically dropped by 37.29% on September 24, 2019 at 19:55 UTC when the price was seen trading at $30.8557. The price of Zcash from then is slightly increased by 22.82% as of now.

Zcash Price Chart

Zcash is trading in the strong bearish zone, which means that it might be an ideal time for the traders to stick to ‘buying’ as their trade decision. However, the ups and downs might vary from movement to movement.

The short-term movement can result in fruitful returns if the trade decision hits on the basis of support and resistance levels. Now, if we look price movement of Zcash from past few months, ZEC price was constantly seen dropping after June 2019. The devaluation might be witnessed in the longer momentum.

The drops in the daily variations might result in losing some returns. The resistance support level might help with capping in such fluctuations. It is calculated as:

R1: $39.95, R2: $41.7 and R3: $44.72

S1: $35.18, S2: $32.18 and S3: $30.41

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