Zcoin Price Prediction Today: Daily (XZC) Value Forecast – July 9
- On June 19, the bulls reached the $13 overhead resistance but were resisted.
- On the downside, if the bearish trend continues, the market will reach the lows of $7, or $8 price level.
XZC/USD Medium-term Trend: Ranging
- Resistance Levels: $12.0, $13.0 $14.0
- Support levels: $10.0, $9., $8.0
Yesterday, July 8, the price of Zcoin was ranging above the 26-day EMA. From the price action, on June 19, the bulls reached the $13 overhead resistance but were resisted. The market was on a downward correction to the support of the 26-day EMA or to a low at $10. On June 27, after the market correction, the crypto’s price was ranging above the 26-day.EMA. From the Fibonacci tool, the coin has reached the downtrend zone of 0.50 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.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: Ranging
On the 1-hour chart, the XZC price was in a sideways trend. The 12-day EMA and the 26-day EMA were sloping horizontally indicating that price is in a sideways trend. The crypto’s price is below the moving averages suggesting that price may fall.
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 =$8.3602 change ~ -1.84%
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