Price Predictions

Zcash Price Prediction May, June & July: Will ZEC Price Reach INR 15,000 By July?

ZEC Price Prediction

Key Takeaways

  • The ZEC price closed the previous day’s trade at INR 8,698.9 with a market capitalization of INR 119,140,730,261 and a circulating supply of 14,392,912.50 ZEC
  • The asset is swinging within a predetermined descending pattern and hence even if it makes a larger move, may scramble down to the support levels

Price Comparison Table

Crypto-Asset Start-Month Price (April) Mid-Month Price (April) End-Month Price (April) % Change
Zcash(ZEC) INR 14,144 INR 11,180.4 INR INR 8,703.7 -38.46

* As of 16-May-2022

Zcash (ZEC) Technical Analysis at a Glance

The Zcash price has managed to flip from the bottoms close to INR 6000 and hit the 2022 highs above INR 16,000. The price again dropped to the same support levels and underwent a significant flip, heading towards INR 10,000. However, it is yet to achieve the minimum levels around INR 9000 required to maintain a strong uptrend ahead. 

If the market sentiments go in favor of the crypto, then a subsequent jump may compel the price to reach beyond the 5-digit figure initially. And continue to surge until it reaches the 2022 highs in the upcoming months.

Check out the Latest Prices, Charts, and Data of  ZEC/USDT.

Short-Term (1hr) The asset is swimming within a bullish range but with reduced volatility and hence it may continue with ascending consolidation 
Mid-Term (4hr) After flipping from the bottoms, the price has surged notably but could experience a pullback soon
Long-Term (D) The ZEC price had eased the selling pressure to some extent but it may fall into the same bearish well soon

Technical Indicators & Pivot Levels

Technical Indicators

Technical Indicators Value(1D / 1M) Action (1D / 1M)
Relative Strength Index(RSI) 44.26 / 100 Sell / Overbought
MACD(12,26) -905.64 / 2839 Sell / Buy
Average Directional Index(ADX) 38.12 / 20.27 Buy / Sell
Bull-Bear Power 326.21 / 693.51 Buy / Buy

Pivot Levels

Pivot Levels Short-Term(D) Mid-Term(W) Long-term(M)
Moving Average(MA)-50 INR 11,578.57 INR 9235.20 INR 2,217.44
Moving Average(MA)-200 INR 11,937.91 INR 2,308.8 INR 554.36
Resistance INR 9739.04 INR 10,451.6 INR 14,090.87
Support INR 8978.58 INR 6,917.22 INR 6963.98

Oscillators

Oscillators Short-Term Mid-term Long-Term
Stochastic Oscillator 53.27 38.37 0.00
Ultimate Oscillator 61.16 38.14 40.28
Average True Range(ATR) 1122.11 2989.49 5328.79
CCI 12.58 -70.27 16.44

Due to the recent market movements, the ZEC price appears pretty bearish in all the time zones. However, considering the daily chart, some possibilities of a significant uptrend as the ADX is bullish, meaning the rally is strong. And hence the possibility of the asset reaching the immediate resistance beyond a 5-digit figure emerges. 

Yet in the longer term, the asset is extremely bearish with most of the indicators pointing towards a deep plunge. Interestingly, the Bulls are predicted to be strong later as the selling pressure appears to have eased out. And this may be a prior indication of a strong breakout. 

ZEC Price and Technical Analysis for May-July

Source: Tradingview

  • Zcash price from past a year is trading within a huge descending triangle with a couple of failed attempts of a breakout
  • However, the price also rebounded each time at the same support levels including the most recent one 
  • The asset may continue to hover within the same pattern until it reaches its apex which is pretty far off from the current levels
  • Yet, the price which has rebounded now may maintain a strong uptrend towards the upper resistance above INR 13,000, ranging by nearly 40% until the mid of June 
  • Here, the possibilities of a pullback below INR 9000 by June end and igniting an uptrend further beyond INR 11,000 by end of July

Additional Read: AXS Price Prediction

How to Invest in Zcash(ZEC)

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Investing in Zcash or any of your desired tokens is simple & safe here with CoinDCX’s Crypto Investment Plan. Here you can invest in your favorite token in easy weekly installments. Therefore, start in Bitcoin & other cryptos with Crypto Investment Plan now!


Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. In case you have any queries, write to [email protected].

The above information represent the independent views of Primestack Pte. Ltd, Neblio Technologies Pvt. Ltd, and/or their affiliate entities and are for informational & educational purposes only. The content, information or data provided above is not an offer, or solicitation of an offer, to invest in, or to buy or sell any interest or shares, virtual digital assets/ crypto products or securities, or to participate in any investment or trading strategy. Any statement or communication made above shall not be treated as a legal, financial, investment or tax advice by the reader. The calculations, data, risk-return formulations, performance or market capitalization indicators captured above are based on the independent data sourcing including collation of public information and/or analysis performed by analysts, advisors or employees of Primestack Pte. Ltd/ Neblio Technologies Pvt. Ltd and/or their affiliate companies and/or any third party. Past performance is not indicative of any future results. The reader(s) are hereby advised to consult their financial/ legal/ tax advisor(s) before making any investment.


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