Zcash (ZECUSD) Builds Up Bullish Momentum at $727.90 Level

Zcash (ZECUSD) Price Forecast: November 18

The ZECUSD pair may continue rising as it starts to build up bullish momentum, predicting further price gains. The cryptocurrency market remains positive today again. The coin price is close to the $744.13 resistance level and has increased significantly in the previous actions; obviously, the bears are losing control. Therefore, an aggressive push from the current price at the $727.90 supply value above the moving average will put the coin more in a bullish trend and may further extend to the $750.00 upper resistance level, resulting in a massive price spike as the Zcash platform’s demand rises.

Key Levels:
Resistance Levels: $725.00, $726.00, $727.00
Support Levels:    $125.00, $124.00, $123.00

ZEC (USD) Long-term Trend: Bullish (Daily Chart)

The ZECUSD buyers are becoming dominant and powerful as the market price continues to surge towards the overhead range above the supply levels on the higher time frame, confirming the presence of more buyers’ impact on the coin.
The price has broken above supply levels again; the sustained bullish pressure at the $608.99 high level in the past session has contributed to its bullishness till its recent high.

The buy investors continue the journey up north to the $727.90 high mark above the EMA-50 as the daily session resumes today. The price bars are above the moving average lines, fostering optimism among the Zcash holders.

Additionally, the daily stochastic is up, indicating that the bullish correction may continue.

Given this, if the buy traders successfully keep the ZECUSD prices above the $727.90 resistance value, a retest of the previous high at the $744.13 level is possible.

This may further extend the coin price to the $750.00 upper high level in the coming days, demonstrating a strong bullish pattern and increasing investors’ interest in the asset in the long run.

ZEC (USD) Medium-term Trend: Bullish (4H Chart)

ZECUSD has seen a recent surge in price above the supply trend levels in its medium-term perspective.
The price’s closeness to the higher resistance above the moving averages indicates a strong bullish trend. Thus, buyers have the market at their disposal at the moment.

In the meantime, the bullishness in its recent high has been aided by the bulls’ order flow at the $671.65 high value in the previous trading session.

As of this writing, the Zcash price has risen to $727.44 as the 4-hourly chart resumes, amid an ascending bullish pattern.

However, if the coin price continues to gain momentum, it could rally to the $744.13 resistance mark, suggesting a potential upward momentum.

The ZECUSD price suggests an uptrend on the daily signal. As a result, if the positive trend continues, a surge towards the $750.00 upper resistance level in the next days may be imminent.

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