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zcash price prediction
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Zcash is the 57th largest cryptocurrency by market capitalization, which is currently $2,216,957,507. It has a circulating supply of 11,516,688 ZEC, which is 55% of the maximum supply of 21 million. $595,006,450 worth of ZEC has been traded in the last 24 hours. In order to develop a Zcash price prediction for April 2021, we will be looking at some of its past prices and market opinions.

Zcash Price Prediction: Analysis

Zcash is one of the cryptocurrencies that have fallen far from their former price levels. However, it has shown great recovery so far in 2021. Starting the year at just over $64, it has roughly tripled its price now that is just the start of the second quarter. Though the growth has been slow, it has also been steady, but what is the future potential for ZEC in the near term within April?

ZEC had maintained a steady increase from 26 March to 7 April when it experienced a retrace. This is shown by the green candles printed during this period, which suggest great strength in upward momentum. After the retrace, it has bounced back, and now it is again in an upward move which, if it breaks the resistance at $200, could lead to higher prices in the coming days.

The long-term sentiment remains bullish also, indicated by the 200 MA is well below the current price. The 50 MA is also still trending under the current price, showing a shorter-term bullish trend.

The RSI reveals that ZEC was due for a retrace after reaching an overbought level at 75.33. The correction was, therefore, timely and needed for another healthy leg up, which has begun already. At 64.97, there is not much room to grow before another correction, but in a really bullish scenario, this could go further up.

To help traders make better decisions on their trades, Walletinvestor calculates the key support and resistance levels that they should keep an eye on:

  • Resistance Level (R3): 199.849;
  • Resistance Level (R2): 191.864;
  • Resistance Level (R1): 186.645;
  • Pivot Point: 178.660;
  • Support Level (S1): 173.441;
  • Support Level (S2): 165.456;
  • Support Level (S3): 160.237.

Developments

Zcash is known as one of the privacy coins that make anonymous crypto transactions truly possible. Last month, the company took a step further to ensure even greater privacy of ZEC users. Through collaboration with ThorChain, users can now access more privacy features when using ZEC.

Fans of privacy can now enjoy privacy even in the store of their wealth. This is made possible through this collaboration that allows investors access to shielded pools, using a gateway into the blockchain ecosystem. They can transact with spot Zcash in DeFi and, at the same time, interact directly with the shielded pool.

Zcash Price Prediction: Market Opinions

The following are market opinions on Zcash price forecast according to some of the most popular cryptocurrency price prediction sites. These opinions will give you insight into what the future holds for the ZEC in April 2021.

Walletinvestor

Walletinvestor‘s Zcash price prediction states that it could reach up to $231 by 23 April. The price is not expected to fall below $175.137 going forward, while the average price is expected to reach a maximum of $213. This is one of the bullish predictions for Zcash in April.

DatePriceMin PriceMax Price
2021-04-10 190.893 175.137 208.303
2021-04-11 194.511 177.582 212.234
2021-04-12 195.973 178.671 213.527
2021-04-13 194.118 175.844 211.809
2021-04-14 192.069 175.933 209.895
2021-04-15 195.501 177.456 211.994
2021-04-16 202.832 185.843 221.670
2021-04-17 201.660 184.613 219.484
2021-04-18 205.277 188.593 222.310
2021-04-19 206.739 188.589 224.346
2021-04-20 204.884 187.462 221.872
2021-04-21 202.835 185.706 220.134
2021-04-22 206.267 188.259 222.504
2021-04-23 213.598 194.403 231.761

Longforecast

Longforecast is even more bullish. Its Zcash price prediction for the month places the maximum price at $295. The minimum expected price is, however, much lower, being at $153, and the average price for the month is set at $218. The closing price for the month is expected to reach $266. This will represent a change of 68.4%.

Digitalcoinprice

Digitalcoinprice is also bullish on Zcash. It predicts that Zcash will reach an average price of $197 in April. This will represent an increase of 52.48%, which is a very good sign for those interested.

30rates

30rates’ Zcash price prediction states that it will reach as high as $295 in April. The minimum expected price going forward is $161, while the closing price for the month is predicted to be $266. Here you can see XRP price prediction for the whole month:

DateWeekdayMinMaxPrice
04/12Monday$185$213$199
04/13Tuesday$166$190$178
04/14Wednesday$161$185$173
04/15Thursday$169$195$182
04/16Friday$185$213$199
04/19Monday$187$215$201
04/20Tuesday$192$220$206
04/21Wednesday$200$230$215
04/22Thursday$205$235$220
04/23Friday$212$244$228
04/26Monday$219$251$235
04/27Tuesday$237$273$255
04/28Wednesday$237$273$255
04/29Thursday$257$295$276
04/30Friday$247$285$266

Zcash Price Prediction: Verdict

From the ongoing trends, Zcash has a bright future in April. There is a strong upward momentum despite the slight pullback, and investors seem optimistic about the future performance of the asset. To invest in it though, you should do your own research and probably seek investment advice, as this is just a guide to help you get acquainted with ZEC’s price behavior.

Featured image: quoteinspector.com

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