ZCASH Price Prediction Today: Daily (ZEC) Value Forecast – June 27
- The short and medium-term outlook is in the downtrend.
- $90.00 in the demand area may be retested
ZEC/USD Medium-term Trend: Bearish
Supply zones: $150.00, $160.00, $170.00
Demand zones: $50.0000, $40.00, $30.00
ZECUSD is in a bearish trend in the medium-term outlook. The formation of wicks at $130.32 in the supply area during yesterday session as $97.11 in the demand area as the low of the day.
Today session opened at $112.07 as the bears sustained the momentum and control of the market.
Price is below the two EMAs and the signal of the stochastic oscillator points down at 24% suggesting bearish continuation in the medium-term. $92.00 in the demand area is the bears' target in the medium-term.
ZEC/USD Short-term Trend: Bearish
The cryptocurrency is in the downtrend in the short-term outlook. The bulls had a progressive journey to $129.40 in the supply area during yesterday session before exhaustion sets in.
The bears gradually returned to the market with the break of the crossover at $113.92 with a close at $98.29 as the low of the day before the bulls stage a minor comeback before the end of yesterday session.
The bulls had a brief control shortly after today’s opening price $110.13 but lost momentum at $116.07 in the supply area. ZECUSD fell to $98.96 in the demand area.
Price is below the two EMAs crossover and the stochastic oscillator signal points down at 23% an indication of downward price movement.
$95.00 in the demand area is on the horizon as the bears' initial target in the short-term.
Live Zcash (ZEC) Price:
1 ZEC/USD =$111.4099 change ~ -9.86%
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