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Zcash Prediction – Are Cryptocurrencies Steadily Bullish for Privacy?

 


Many cryptocurrencies are looking very bearish at the moment as they were recently taken down by the crash. Some cryptocurrencies are below the low of the crash. However, like Monero, Zcash still looks quite bullish. The price is inside the $85 and $95 support zone. As long as this support zone holds, we do not expect prices to fall. However, if the support zone is broken, we expect prices to fall sharply. Another price drop of around 40% would not be unlikely.

Since the entire crypto market is rather bearish, we assume that the Zcash price will sooner or later break the support zone between $85 and $95. While there could be a short-term bullish reaction, we expect the Zcash price to target the next support zone. This is between $55 and $59, which is why a further price loss of around 40% is conceivable. After that, there could be a brief recovery. Whether the price will find the bottom at $55 or not remains to be seen. We at CryptoTicker will keep you up to date.

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