Zcash (ZECUSD) Buyers Are Dominating

Zcash (ZECUSD) Price Forecast: November 6

Buyers of ZECUSD are dominating the cryptocurrency market amid indications of a fresh bull cycle, aiming for a breakout to the $490.00 overhead resistance. The market remains steadily positive, and the bulls are gaining strength. The coin appears to be continuing its bullish trend if long-term traders are actively expanding their market activity. As a result, the coin might further climb up to the $495.00 upper resistance level and beyond, reflecting vibrant engagement and market trends.

Key Levels:
Resistance Levels: $488.00, $489.00, $490.00
Support Levels:  $126.00, $125.00, $124.00

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

It can be seen that Zcash buyers are dominating, experiencing a bullish trend, and attracting new traders in the long-term view.
The coin price is trading above the moving averages with large volumes from the bulls.

Consistent bullish pressure pushed the coin price up to $435.74 before yesterday’s session ended. This enabled the crypto price to hold firmly above recent supply levels.

The market price of ZECUSD today is at the $482.76 resistance mark above the EMA-50 as the daily chart opens, indicating that coin buyers are leading and that it will continue to grow based on the current state.

Therefore, to push the market over the present price level, buyers must increase the pressure on their actions.

The daily signal remains in an uptrend, suggesting buy traders may increase their journey to the top. If bullish pressure persists, the coin may rise even higher.

When this happens, purchasers could raise the price to the upper resistance of $495.00 as they continue trending in the long-term outlook.

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

The ZECUSD buyers are leading while the market remains strengthened above the supply levels in the medium term.
The price currently trades above the moving averages, confirming its positive trend.

In the last session, the bulls reached and maintained a resistance level of $420.00, enabling the crypto price to rise further to its recent high.

As the 4-hourly session begins today, the market value of Zcash at $482.76 above the EMA-50 at the time of publication suggests that coin purchasers are in the lead.

Furthermore, if the bulls break through the current high, the token price may reach the supply level of $490.00, drawing in more investors.

In addition, if all support remains in place, we can anticipate more bullish activity as the daily stochastic is trending upward.

Given that buyers are leading in its medium-term vision, the price of ZECUSD may soon reach the upper high level of $495.00.

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