Rose

Resistance

Zcash

<ul class="list-ic vertical">
 <li><span>1</span> <a>Zcash price prediction for 2024 is bullish and suggests that ZEC may hit new swing highs.</a></li>
 <li><span>2</span> <a>ZEC price broke out of the 200-day EMA showcasing that the positional trend had turned upward.</a></li>
 <li><span>3</span> <a>Zcash crypto price took support near the $27.00 level and showed a strong bounce.</a></li>
</ul>
<p>Zcash price prediction stays bullish for 2024 and suggests a new swing high might be visible in the coming months. It took support near $26.00 and showed a decent bounce indicating that buyers are getting active.</p>
<p>ZEC price sustained above the 50-day EMA and also succeeded in breaking out of the 200-day EMA. It showcases that the short-term trend as well as the positional trend has turned in an upward direction.&nbsp;</p>
<p>Zcash crypto price is in the recovery mode and buyers seem to be returning back on track.&nbsp;</p>
<p>The recent bounce back in ZEC price was supported by a high buying volume. It denotes crypto whales are getting active and decided to inject money into a privacy coin project. Therefore, the Zcash price may continue the momentum and fly to the July 2023 high.&nbsp;</p>
<p>The chart pattern of ZEC is bullish and indicates that the price is preparing for a massive breakout. So, investors should search for buying opportunities and stay in the direction of the trend.&nbsp;</p>
<p>Currently, <a href="https://www.thecoinrepublic.com/2023/12/04/top-cryptocurrency-investments-ethereum-classic-vc-spectra-and-zcash/" target="_blank" rel="noopener noreferrer nofollow">Zcash price </a>is trading at $31.62 with an intraday rise of 2.53%. In the last 24 hours, the volume to market cap recorded at 16.15% denotes that the liquidity is high.&nbsp;</p>
<h2 class="wp-block-heading" id="strong-is-zcash-price-getting-ready-for-massive-breakout-strong"><strong>Is Zcash Price Getting Ready For Massive Breakout?</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter"><img loading="lazy" decoding="async" width="1600" height="711" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-110.png" alt="Zcash Price Prediction: Will ZEC Price Fly to $50 by Mid-2024?" class="wp-image-183029" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-110.png 1600w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-110-300x133.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-110-1024x455.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-110-768x341.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-110-1536x683.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-110-750x333.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-110-1140x507.png 1140w" sizes="(max-width: 1600px) 100vw, 1600px">
  <figcaption class="wp-element-caption">
   Source: <a href="https://www.tradingview.com/x/FkK8N6Ft/" rel="noopener noreferrer nofollow">ZEC/USDT</a> daily chart by Tradingview
  </figcaption>
 </figure>
</div>
<p>Zcash price managed to climb above the $30.00 level and buyers have turned the supply zone into a demand zone.&nbsp;</p>
<p>The next barrier for the bulls is at the $34.76 level. If the price continues the recovery succeeds in taking out the $34.76 level, then it may trigger a massive rally which will be the beginning of a bull run.&nbsp;</p>
<p>However, if the price faced rejection, then it might retrace back to the EMA. The analysis suggests that the <a href="https://www.thecoinrepublic.com/2023/12/04/top-cryptocurrency-investments-ethereum-classic-vc-spectra-and-zcash/" target="_blank" rel="noopener noreferrer nofollow">ZEC price</a> is inside the buyers’ radar so the probability of the $34.76 breakout remains high.&nbsp;</p>
<h3 class="wp-block-heading" id="strong-zec-price-rose-for-three-consecutive-weeks-strong"><strong>ZEC Price Rose for Three Consecutive Weeks</strong></h3>
<div class="wp-block-image">
 <figure class="aligncenter"><img loading="lazy" decoding="async" width="1600" height="711" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-109.png" alt="Zcash Price Prediction: Will ZEC Price Fly to $50 by Mid-2024?" class="wp-image-183028" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-109.png 1600w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-109-300x133.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-109-1024x455.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-109-768x341.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-109-1536x683.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-109-750x333.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-109-1140x507.png 1140w" sizes="(max-width: 1600px) 100vw, 1600px">
  <figcaption class="wp-element-caption">
   Source: ZEC/USDT weekly chart by Tradingview
  </figcaption>
 </figure>
</div>
<p>ZEC price rose for the three consecutive weeks and formed a bullish hammer candle. The bulls need to give the follow-up momentum to attract new market participants.&nbsp;</p>
<p>The weekly chart structure will also turn bullish when buyers can break the $34.76 hurdle. Till then, the short-term traders may look to scalp and generate minor gains.</p>
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4>
<p>Zcash price prediction is bullish for December as well as for the next year. It is forming a bullish pattern and the price seems to be getting ready for a massive breakout.&nbsp;</p>
<p>The analysis suggests that ZEC price takes control over the $35 supply zone. Then, the possibility of reaching $50 by mid-2024 will increase.</p>
<h5 class="wp-block-heading"><strong>Technical Levels</strong></h5>
<ul>
 <li>Resistance levels: $34.76 and $38.01</li>
 <li>Support levels: $26.77 and $24.30</li>
</ul>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

Zcash Price Prediction: Will ZEC Price Fly to $50 by Mid-2024?

目录

Thecoinrepublic.com

发布于 2023年12月4日的其他文章

BC.GAME Honored with the “Best Casino Operator 2023” Award from SiGMA

SNL: Emma Stone & ‘Please Don’t Destroy’ Highlight Concerns About AI in Entertainment

Top Cryptocurrency Investments: Ethereum Classic, VC Spectra, and Zcash

Hackers of Platypus Finance Acquitted of Criminal Charges

Nasir El-Rufai unveils $100 million venture capital fund for Nigerian startups

Envision Joins Hands With HBAR Foundation in Latest Move to Digitize Carbon Markets

订阅我们免费的电子期刊，获取每日最新加密领域动态！