ZCOIN Price Prediction Today: Daily (XZC) Value Forecast – June 24
- XZC/USD market choppy movements have been featuring around $14, $13, and $12 price levels.
- A reversal against a downward trend may be a good time to enter a buy order.
XZC/USD Medium-term Trend: Ranging
- Resistance levels: $15, $17, $19
- Support levels: $11, $9, $7
There has been significant dominance of range trending prices in the market valuation of ZCoin as paired with the US dollar. The choppy movements have been coming around $14, $13, and $12 price levels as depicted by 4-hour chart.
The upper range mark has seen its line broken briefly often. But, the crypto has not been able to sustain its momentum to surge northward further away from that price point. The two indicators are closely located, as the 14-day SMA is situated over the 50-day SMA around $13 market level. The stochastic Oscillators have tightly closed hairs at range 40.
All in all, the current range market of XZC/USD is expected to prolong through the next trading days in this week.
XZC/USD Short-term Trend: Ranging
The short-term trend of the XZC/USD now moves around ranges $13.50, $13, and $12.50 today. The fourth formation of trading candlestick has briefly touched past the upper range line before reversing back into the choppy zones. The Bollinger Middle Band and the 50-day SMA are now very tightly close to one another around the $13 median point of the market. The Stochastic Oscillators now consolidate around range 60.
Indication still appears to back the continuation of the current market settings in its ranging format. Therefore, traders may decide to stay off the market for a while. However, a reversal against a downward trend may be a good time to enter a buy order.
Live Zcoin (XZC) Price:
1 XZC/USD =$4.6108 change ~ -0.62%
The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.