Zcash (ZECUSD) Price Remains in an Uptrend at $670.00 Level

Zcash (ZECUSD) Price Forecast: November 11

An increase in demand for Zcash over the past few days has kept it in an uptrend at the current level of $670.00, demonstrating strong market momentum. The coin is currently rising towards the overhead range, reflecting vibrant engagement among investors and increasing market trends. The coin is witnessing a renewed recovery sentiment among investors, if the coin price can sustain above the pattern supply trend line at $744.13 level, the price may trigger up to the overhead resistance mark at the $800.00 level, attracting more buyers.

Key Levels:
Resistance Levels: $668.00, $669.00, $670.00
Support Levels:    $125.00, $124.00, $123.00

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

Despite minor corrections, the Zcash price is going up in its higher time frame. The coin price is above the supply levels, reflecting rising market interest, as the pair remains positive with bullish sentiment.
The price is trading in a bullish momentum, looking attractive for long traders, signifying a buy trade.

The price of cryptocurrency is rising above the supply levels at its most recent high due to the bulls’ sustained pressure at the $601.50 supply value in the previous action.

The ZECUSD market structure shows the price is rising as the bulls rebounded from the previous low of $488.22 to a $670.00 high level above the moving averages as the daily chart opens today, indicating that traders are actively buying at this level.

A possible breakout from the mentioned supply level will provide a higher float for buyers and prolong the ongoing recovery, reaching the $744.13 prior peak barrier, reflecting promising growth.

Hence, a bullish continuation is clearly noted as the crypto price indicates an uptrend on the daily stochastic.

As a result, if buying pressure increases, the price of Zcash may rise to retest the previous high and, in the long run, expand the coin price to the $800.00 upper high trend line in the upcoming days.

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

The ZECUSD market portrays a bearish trend, following an increase in buyers’ interest in the coin in its medium-term view.
The price currently trades above the EMA-50, making higher highs and moving towards the upper resistance area.

The high bullish impact on crypto at the $609.00 high level in the past action has contributed to its buy trade set-up in its recent high.

At press time today, the Bull Run caused the price of Zcash to rise to a high above the moving averages at $670.00 level.

As a result, a potential breakout from the current neckline will increase buying pressure on the cryptocurrency and push the prices to reach a substantial level in the overhead territory.

Additionally, the price of ZECUSD pointing upwards on the daily stochastic suggests the bullish trend may continue and move the price action to hit the $800.00 upper resistance level as the coin price remains in an uptrend.

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