Zcash is demanding a short position right now on the charts looking at the pattern. The next target for this crypto has been identified.
In this article, we will look at Zcash price analysis along with weekly analysis and news roundup.
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ZCash Price Analysis
Current Price: $16.50
Market Cap: Approximately $257 million
24h Trading Volume: Around $40 million
Circulating Supply: 15.6 million ZEC
Total Supply: 21 million ZEC
Falling Wedge identified pattern. This pattern is still in the process of forming. Possible bearish price movement towards the support 14.0743 within the next 17 days.
Weekly Price Analysis
Zcash has seen price hovering around $16.50. The price briefly spiked to $17.00 following positive news but settled back.
All Time High Price ($)
3,191.93
% Down from ATH
-99.37%
ATH Date
Oct 29, 2016, 5:30:00āÆAM
Days since ATH
2809
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52-Week
52-Week High
35.646
% Down from 52-Week High
-43.57%
52-Week Low
15.801
% Above 52-Week Low
27.31%
News Roundup
Grayscale has filed with the SEC to include Zcash in a new Privacy ETF, causing a temporary price spike earlier in the week.
Zcash recently addressed a potential exploit that affected multiple privacy coins, reinforcing its commitment to security and user privacy.
For on-demand analysis of any cryptocurrency, join ourĀ Telegram channel.
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