Zcash (ZEC) Shows Strong Bullish Trend, Climbs to $38.83 on Wednesday
InvestorsObserver analysts have given the cryptocurrency Zcash a “very bullish” rating, as the coin is up 5.69% to $38.83 on Wednesday, while the broader cryptocurrency market is up 6.69%. Over the last five days, Zcash has earned this bullish rating on the InvestorsObserver Sentiment Score, which measures a coin’s performance over the past five days by volume and price movement. This provides a quick, short-term look at the coin’s recent performance, which can be useful for both short-term and long-term investors. However, Zcash is reportedly trading on low volume, which may make it less suitable for some investors due to a lack of data. The current price of Zcash is around its five-day high of $38.83 and is up 8.51% compared to its five-day low of $35.79. Zcash’s price is reportedly above resistance, meaning it is in a volatile position if the rally burns out, with support set around $35.86 and resistance at $37.54.
About The Author
