Should You Sell Zcash (ZEC) Monday?

Monday, January 30, 2023 06:12 AM | InvestorsObserver Analysts

InvestorsObserver gives Zcash an average long-term technical score of 46 from its research. The proprietary scoring system take into account the historical trading patterns from recent months to a year of the coin's support and resistance levels, in addition to where it is relative to long-term averages. The analysis helps to determine whether it's a strong buy-and-hold investment opportunity currently for traders. ZEC at this time has a superior long-term technical analysis score than 46% of crytpos in circulation. The Long-Term Rank will be most relevant to buy-and-hold type investors who are looking for strong steady growth when allocating their assets. Combining a high long and short-term technical score will also help portfolio managers discover coins that have bottomed out.

InvestorsObserver is giving Zcash a 46 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Zcash!

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Trading Analysis

ZEC is currently $0.4800000 (1.09%) above its 100-day moving average price of $44.190000000 with its current price of $44.670000000. Meanwhile, Zcash is $10.5100000 (98.57%) above its 52-week low price of $34.160000000 and -$167.50000000 (16.34%) below its 52-week high of $212.170000000. The current price relative to its moving average and 52-week high and low leads to an average long-term technical score of 46. Trends for the long-term trading history of Zcash suggest that traders are currently bearish on the coin. Zcash has a total market value of $725,944,718.96 with an average average daily volume of $504,003,706.19 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, ZEC's volume is below its average with $72,938,611.78 exchanged in total. 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 an average long-term technical score of 46 as its price movement in that time has given investors reason to be bearish on the coin in the long-term. Click Here to get the full Report on Zcash (ZEC).