Is Zcash (ZEC) Heading the Right Direction Tuesday?

Tuesday, March 22, 2022 09:12 AM | InvestorsObserver Analysts

Zcash receives a strong long-term technical score of 93 from InvestorsObserver's research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the coin's support and resistance levels, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. ZEC currently holds a superior long-term technical analysis score than 93% of cryptos in circulation. This ranking metric is most useful to buy-and-hold type investors looking for strong steady growth when allocating their assets. coins with a high long and short-term technical score can help indicate assets that have bottomed out, providing investors a chance to 'buy the dip'.

InvestorsObserver is giving Zcash a 93 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Zcash!

See Full Report

Trading Analysis

Zcash's price is $45.7400000 (34.56%) above its 100-day moving average price of $132.330000000 as its price at the moment sits at $178.070000000. Additionally, ZEC is $95.7800000 (203.04%) higher than its 52-week low price of $82.280000000 while -$192.07000000 (45.41%) under its 52-week high of $370.140000000. The current trading price in relation to its long-term average along with its 52-week high and low, gives ZEC a strong long-term technical score of 93. Long-term trading movement of Zcash suggest that investors are neutral on the coin at the moment. Zcash has a market capitalization of $2,493,218,395.78 and a relatively high average daily volume with $2,991,307,863.07 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, ZEC's volume is below its seven day average with 444,345,609.93 exchanged. This coin's subclass Digital Money: Digital Money is an asset, commodity, or currency intended to maintain value and liquidity over time so that it may be used the same way fiat currencies are used.

Summary

ZEC's historical trading over the past year gives it a a strong long-term technical score of 93 as its price movement in that time has given investors reason to be neutral on the coin in the long-term. Click Here to get the full Report on Zcash (ZEC).