- Bullish Zcash price prediction ranges from $173.6 to $298.4.
- The Zcash price might also reach $300 soon.
- Zcash’s bearish market price prediction for 2022 is $84.3.
This Zcash (ZEC) Price Prediction 2022 article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our Zcash (ZEC) price analysis and prediction.
Over the past few days, the crypto market looks to be recovering fast. Moreover, after the dip in the past two months, the crypto market either remains stable or surges steadily. At present, it looks like the crypto-asset industry will surge high again. Its price has increased by 9.2% in the past one year.
Will Zcash (ZEC) experience the same price volatility? We’ll find out soon in this Zcash (ZEC) price analysis 2022 article. But first, let’s have a look at what Zcash (ZEC) is.
What Is Zcash (ZEC)?
Zcash is a decentralized and open-source digital asset that provides privacy and selective transparency of transactions. Moreover, Zcash payments are released on a public blockchain, but the sender, recipient, and transaction amount remain private.
Zcash is a peer-reviewed cryptographic network created by a security-specialized engineering team on an open-source platform based on Bitcoin Core’s battle-tested codebase. More so, Zcash uses advanced cryptographic techniques, namely zero-knowledge proofs, to guarantee the validity of transactions without revealing additional data about them.
Now that we have an idea about Zcash, do you think ZEC will be profitable crypto in 2022? Join me, and together let us check the charts in this ZEC price analysis and ZEC price prediction.
Zcash (ZEC) Current Market Status
When writing this Zcash price analysis, ZEC trades at $141.19 with a 24-hour trading volume of $744,273,750. The price of ZEC has increased by 19.16% in the last 24 hours.
Furthermore, ZEC has a current circulating supply of $12,432,512.50. Currently, the top digital asset trading platforms for ZEC are Binance, OKEx, Huobi Global, FTX, Kucoin, Gate.io, Gemini, Kraken, and CoinTiger. Now, let’s move to the next part of this ZEC technical analysis for 2022.
Zcash (ZEC) Price Analysis
Recently, ZEC took the 65th position on CoinGecko. But will the recent developments, upgrades, and changes in the blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this ZEC price prediction 2022 article.
William Alligator indicator is a technical analysis tool that uses the smooth changes in three moving averages to deduce trading signals. The blue, red, and green colored curves in the ZCash (ZEC) chart above represent the jaw, teeth, and lips respectively. Since the jaw is moving from the bottom in the last candlestick in the chart above, the price of ZEC would keep the present bullish run for some time.
The Relative Strength Index (RSI) measures the relative momentum in the magnitude of recent price changes so as to deduce oversold or overbought assets. The RSI value of Zcash (ZEC) 1day chart of ZECUSDT is at 52.75. This shows that ZEC is showing a strong trend since it is between 50 and 70. This value is triggering a bullish run already since it seems that more buyers are repositioning as the value is moving towards the 70 RSI value from the overbought region of RSI value of 70.
More so, Zcash’s Moving Average (MA) is shown in the chart above. Currently, ZEC is in a bullish state. Notably, the ZEC 100-day MA is below the 200-day MA (long-term), so it is completely in a bullish state. Therefore, there is a low possibility of a trend reversal at any time.
Zcash (ZEC) Price Prediction
The chart below shows that ZEC has performed great over the past few days. Moreover, the ZEC price shows a bullish trend. If this trend continues, ZEC might run along with the bulls, overtaking its $173.6 resistance1 level and move even higher to $298.4 resistance3 level, the bullish signal for 2022.
Conversely, if the investors turn against the crypto, the bears might take over and push ZEC from its uptrend position. In simpler terms, the price of ZEC might decrease to almost $84.3, a bearish signal.
Meanwhile, our long-term ZEC price prediction for 2022 is bullish. It has a high possibility of reaching new heights. However, that will only happen if it breaks many previous psychological resistances.
Zcash (ZEC) Price Prediction 2022
If this bullish trend continues, ZEC will reach $298.4 by the end of 2022. Moreover, the first half of 2022 is going to show fast growth, up to $173.6. Then this rise will slow down, but no major falls are expected. With upcoming, partnership, and developments reaching $300 is quite optimistic in the price point of view but undoubtedly feasible for the near future.
Zcash (ZEC) Price Prediction 2023
If ZEC holds the support level around 200-MA, the long-term moving average, buyers will then have ample time and stability to forge the next attack mission on the vital level at $500, making it not plummet but play consistently.
Zcash (ZEC) Price Prediction 2024
As per the latest upgrades, developments, ZEC price prediction, and new project forecasts of the platform, ZEC investors could expect many partnerships and integrations around 2024. Moreover, this might boost the price of ZEC in the crypto market, and it will be the best investment as the price can spike and reach around $800.
Zcash (ZEC) Price Prediction 2025
In the next four years, ZEC prices could race up to $1000. However, reaching this level could not be so difficult for ZEC as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that ZEC has a high possibility of reaching a new ATH soon in the next five years as per the prediction.
Zcash (ZEC) Price Prediction 2026
By 2026, the price of ZEC would reach $2000 since many individuals will have better knowledge of cryptocurrencies, therefore, increasing the investment in the industry.
Conclusion
ZEC seems to have a great future ahead in 2022. With the ongoing developments happening within the ZEC ecosystem and the overall crypto market, we may see ZEC reach new heights.
Meanwhile, our long-term ZEC price prediction for 2022 is bullish. Even more, the bullish ZEC has a high possibility of reaching $298.4. However, that will only happen if it breaks the past psychological resistance. It may even reach $300 if investors continue to side with ZEC this year along with the mainstream cryptocurrencies like Bitcoin and Ethereum.
FAQ
Zcash is a decentralized digital currency that offers privacy and selective transparency of transactions. More so, the Zcash payments are released on a public blockchain, but the sender, recipient, and transaction amount remain private.
Zcash’s native asset ZEC is a good investment in 2022. Users can obtain ZEC tokens by purchasing them from cryptocurrency exchanges such as Binance, OKEx, CoinTiger, Kucoin, Gate.io, Huobi Global, and FTX.
Yes, it’s very much possible that ZEC might reach $300 in the near future as per the current bullish trend.
ZCASH (ZEC) price is expected to reach $298.4 by 2022.
ZCASH (ZEC) price is expected to reach $500 by 2023.
ZCASH (ZEC) price is expected to reach $800 by 2024.
ZCASH (ZEC) price is expected to reach $1000 by 2025.
ZCASH (ZEC) price is expected to reach $1500 by 2026.
Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.
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