Zcash Price Soars Past $52, Market Cap Nears $890M
The post Zcash Price Soars Past $52, Market Cap Nears $890M appeared on BitcoinEthereumNews.com. Market cap hits $888.6M with $86.94M trading volume. RSI at 61.76 supports bullish momentum, but 70 signals caution. A single Zcash coin is now trading for $53.33, a 2.04% increase over the last 24 hours. Over the past month, the price of this cryptocurrency grew 45.16%, pushing the total market cap up to $888.6M and causing a 2.10% increase in the past 24 hours. There was high trading volume, with $86.94M traded in the past 24 hours. With Zcash holding a fully diluted valuation of $1.12B and registering a 9.72% volume-to-market cap ratio, it means there is great interest in this asset. The current maximum supply of ZEC is 21M, with only 16.65M coins already in circulation. Currently, there are 10.88K people who have the token, suggesting the community is expanding. Technical Indicators Point to Sustained Uptrend The daily chart shows that Zcash is trading bullishly. Zcash’s price is supported by $45 and $55 acts as the next level of resistance.If ZEC manages to break through fifty-five dollars, it may go on toward $60. If the price falls below $45, we might see it testing the support zone at $40. The present Relative Strength Index value stands at sixty-one point seven six, while its average is sixty-five point seven eight. An unexpected decline like this usually slows the pace of growth, but it helps persuade buyers to continue. Since these metrics surpass 50, investors appear optimistic about the market. If the indicator stays above 70, this might lead some people to take their profits. CMF at 0.13 means that money is constantly flowing into the market. As long as CMF is higher than 0.1, most likely Zcash will continue to increase under the influence of bull buyers. Market Dynamics and Investor Confidence Recent rises in Zcash’s value reflect incoming capital,…
The post Zcash Price Soars Past $52, Market Cap Nears $890M appeared on BitcoinEthereumNews.com.
Market cap hits $888.6M with $86.94M trading volume. RSI at 61.76 supports bullish momentum, but 70 signals caution. A single Zcash coin is now trading for $53.33, a 2.04% increase over the last 24 hours. Over the past month, the price of this cryptocurrency grew 45.16%, pushing the total market cap up to $888.6M and causing a 2.10% increase in the past 24 hours. There was high trading volume, with $86.94M traded in the past 24 hours. With Zcash holding a fully diluted valuation of $1.12B and registering a 9.72% volume-to-market cap ratio, it means there is great interest in this asset. The current maximum supply of ZEC is 21M, with only 16.65M coins already in circulation. Currently, there are 10.88K people who have the token, suggesting the community is expanding. Technical Indicators Point to Sustained Uptrend The daily chart shows that Zcash is trading bullishly. Zcash’s price is supported by $45 and $55 acts as the next level of resistance.If ZEC manages to break through fifty-five dollars, it may go on toward $60. If the price falls below $45, we might see it testing the support zone at $40. The present Relative Strength Index value stands at sixty-one point seven six, while its average is sixty-five point seven eight. An unexpected decline like this usually slows the pace of growth, but it helps persuade buyers to continue. Since these metrics surpass 50, investors appear optimistic about the market. If the indicator stays above 70, this might lead some people to take their profits. CMF at 0.13 means that money is constantly flowing into the market. As long as CMF is higher than 0.1, most likely Zcash will continue to increase under the influence of bull buyers. Market Dynamics and Investor Confidence Recent rises in Zcash’s value reflect incoming capital,…
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