• However, if the price does fall it will depreciate to the previous low of $7.00 price level.
• The crypto’s price is below the moving averages suggesting that price may fall.

XZC/USD Medium-term Trend: Ranging

• Resistance Levels: $12.0, $13.0 $14.0
• Support levels: $10.0, $9., $8.0

Yesterday, July 15, the price of Zcoin was in a bearish trend that broke below the 12-day EMA and the 26-day EMA. The bears have reached the lows of $9.0 but are approaching the $8.0 support level. The moving averages are trending horizontally indicating the price is in a range bound move. The crypto’s price is below the moving averages indicating that price may likely fall.

However, if the price does fall it will depreciate to the previous low of $7.00 price level. From the Fibonacci tool, the coin has reached the downtrend zone of 0.786 Fib retracement level. The previous trend has already been reversed. Meanwhile, the price of Zcoin is in the oversold region of the daily stochastic but below the 20% range. This indicates that price is in the bearish momentum and a sell signal.

XZC/USD Short-term Trend: Bearish

On the 1-hour chart, the XZC price was in a bearish trend. The 12-day EMA and the 26-day EMA were sloping southward indicating that price is falling. The crypto’s price is below the moving averages suggesting that price may fall.

The market was on a downward correction to a low at $10 price level. Meanwhile, the price of Zcoin is in the oversold region of the daily stochastic but below the 20% range. This indicates that price is in the bearish momentum and a sell signal.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.