Zcash (ZECUSD) Buyers are Gaining Momentum

Zcash (ZECUSD) Price Forecast: October 22

The Zcash market remains positive today. Buyers are gaining momentum with the coin value experiencing a significant rally, showing strong growth potential, and aiming to outperform other tokens this month. This surge aligns with a broader bullish sentiment, driving substantial interest from traders. However, there is a chance that a bullish continuation pattern will achieve its $298.00 prior peak level. Thus, if the bullish rally persists, the coin’s market value might surge to its expected target at $300.00, strengthening investors’ confidence in the asset and driving expectations for future gains.

Key Levels:
Resistance Levels: $279.00, $280.00, $281.00
Support Levels:    $120.00, $119.00, $118.00

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

The ZECUSD buyers are becoming dominant and powerful as the market exhibits significant development potential, with the goal of surpassing the price of Bitcoin as it rises in the long run. The cryptocurrency is experiencing a jolly bullish move.
With massive volumes from the bulls, the coin price is trading strongly above the moving averages. Thus, the bulls have benefited from the recent market structure.

The bulls’ pressure on the coin to the $249.00 supply value in the past session has sustained the price above the resistance trend levels and enables buyers to keep gaining strength in its recent high.

As the daily chart opens, the market price of Zcash is at a high level of $279.00 above the EMA-50, suggesting that coin buyers are becoming stronger and that it will continue to rise.

Therefore, staying above the moving average will allow the price of the crypto to continue rising, giving coin buyers an intraday gain.

Additionally, if the support level holds, there is a chance that the ZECUSD market will continue to rise.

This will enable buyers to take the price up to an upper high level of $300.00, indicating good market prospects as coin buyers keep gaining strength in its higher time frame.

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

As coin purchasers continue to gain strength in the medium-term forecast, the ZECUSD market is still dominated by upward pressure.
A strong bullish trend is confirmed by the price’s proximity to the upper resistance above the moving averages.

The coin market was able to maintain its bullish vigor at its most recent high due to the bulls’ persistent pressure on the $245.22 supply value throughout the previous session.

As the 4-hourly session begins, the current market value of Zcash at $284.01, which is above the EMA-50, confirms that coin buyers are becoming more active.

Therefore, if the bullish momentum continues, the crypto price could reach its previous all-time high of $298.00, reflecting growing investors’ interest and momentum.

Additionally, with the daily stochastic pointing upwards, buyers may keep gaining strength. As a result, the price of ZECUSD could jump to the $300.00 upper high level soon in its medium-term outlook.

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