Zcoin Price Prediction Today: Daily (XZC) Value Forecast – July 2
- On the downside, if the bearish trend continues, the market will reach the lows of $7, or $8 price level.
- From the price action, the bulls were unable to break the $13 price level.
XZC/USD Medium-term Trend: Bearish
- Resistance Levels: $12.0, $13.0 $14.0
- Support levels: $10.0, $9., $8.0
Yesterday, July 1, the price of Zcoin was in a bearish trend zone. From the Fibonacci tool, the coin has reached the downtrend zone of Fib retracement level. The price of Zcoin has earlier broken the continuation zones of 0.236 and 0.382 Fib. retracement level. The current trend may have been terminated. On the downside, if the bearish trend continues, the market will reach the lows of $7, or $8 price level.
From the price action, the bulls were unable to break the $13 price level. On June 12, the bulls were resisted and the price retraced to the 12-day EMA. On June 19, the bulls tested the $13 price level and were resisted. The market had a downward correction to a low of $10. Meanwhile, the price of Zcoin is in the oversold region of the daily stochastic but below the 40% 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 pointing southward indicating that price is in a downtrend. On June 26, the crypto’s price tested the $12.50 resistance level. The market was on a downward correction to at $10. Meanwhile, the price of Zcoin is in the oversold region of the daily stochastic but above the 20% range. This indicates that price is in the bullish momentum and a buy signal.
Live Zcoin (XZC) Price:
1 XZC/USD =$4.5184 change ~ 1.20%
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