Zcash (ZECUSD) Remains Stabilized above the Crucial Level

Zcash (ZECUSD) Price Forecast: November 7

The ZECUSD market value is gaining traction again today. The coin is soaring and remains stabilized above a crucial level, driven by a robust bullish trend and innovative tokenization, signaling strong market optimism among investors. The token price is correcting at a high of $465.00 and moving towards the overhead range, reflecting vibrant engagement and market trends. Hence, if the crypto continues to rally upwards, the price target by the bulls could be the $480.00 upper resistance level, demonstrating strong market momentum and a large gain for coin traders.

Key Levels:
Resistance Levels:  $460.00, $461.00, $462.00
Support Levels:     $226.00, $225.00, $224.00

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

As prices surpass key benchmarks and hold strong above the trend line, the daily time frame of Zcash is at a consistent bullish momentum, indicating a robust bullish impact on the coin.
The token price remains firm above the supply levels at its recent high due to an increasing order flow by the bulls.

Today, the ZECUSD buyers’ corrective rally at $465.00 is above the EMA-50 on the higher time frame. This move might head to the overhead range amid an ascending bullish pattern.

Thus, the coin market value will remain stabilized at the top range if this bullish growth pattern is steady and consistent.

Additionally, given the price indicator’s upward momentum, the Zcash price may continue to rise and soon reach the $500.00 upper high level, providing a favorable buy entry opportunity in its long-term perspective.

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

As it rises above significant levels on the medium-term chart, the Zcash upward move is about to reach the upper high level.
The price currently trades above the EMA, making higher highs and moving towards the upper resistance area.

The market has been swinging and maintaining its bullish trend lately as a result of the bulls’ strong breakout at the $460.00 supply in the most recent activity.

As the 4-hourly chart opens today, the price of ZECUSD is trading at a high value of $465.00 above the moving average, indicating an intraday gain.

Hence, a stable breakout from the current supply may propel the coin price toward the overhead resistance, indicating a strong possibility for a bullish correction.

Similarly, the Zcash price is increasing, and this may continue as suggested by the daily signal pointing upwards.

Therefore, we expect the upward rally to reach the $500.00 upper resistance trend line on its medium-term outlook.

Buy Zcash on eightcap.com