ZCash (ZEC) Price Prediction 2022 — Will ZEC Hit $200 Soon?

ZCash (ZEC) Price Prediction 2022 — Will ZEC Hit $200 Soon?
  • Bullish ZEC price prediction is $70.1 to $170.
  • ZCash (ZEC) price might also reach $200 soon.
  • ZEC bearish market price prediction for 2022 is $56.

In ZCash (ZEC) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other information about ZEC to analyze the future movement of the cryptocurrency. 

ZCash (ZEC) Current Market Status

According to CoinGecko, the price of ZCash (ZEC) is $68.82 with a 24-hour trading volume of $86,001,799 at the time of writing. However, ZEC has increased by nearly 3.4% in the last 24 hours.

Moreover, ZCash (ZEC) has a circulating supply of 12,566,215 ZEC. Currently, ZCash (ZEC) trades in cryptocurrency exchanges such as Binance, HitBTC, FMFW.io,  Coinbase, WhiteBIT, OKX, KuCoin, and Gate.io.

What is ZCash (ZEC)?

ZCash (ZEC) is a privacy-focused cryptocurrency operating on its own blockchain which was forked from the original Bitcoin code. ZEC debuted as a privacy cryptocurrency in 2016. The ZCash blockchain operates based on the proof-of-work (PoW) consensus model.

ZCash aims to confer more privacy and anonymity to the decentralized space. Thus, it uses zk-SNARKs, a special cryptographic model based on zero-knowledge proofs. Every transaction is confidential and the blockchain hosts two secure wallets: transparent and shielded addresses. Hence, offering secure solutions in DeFi.

ZCash (ZEC) Price Prediction 2022

ZCash (ZEC) holds the 56th position on CoinGecko right now. ZEC price prediction 2022 is explained below with a daily time frame.

ZEC/USDT Falling Wedge Pattern (Source: Tradingview)

The above chart of ZCash (ZEC) laid out the falling wedge pattern. In a falling wedge pattern, both the upper trend line which connects the highs and the lower trend line which connects the lows converge downwards. The wedge pattern in general indicates a trend reversal. Especially, the falling wedge signals a bullish reversal. This pattern indicates a breakout in the price trend towards an upswing.

From the above chart, we can interpret that the momentum of the downtrend is slowing down.

Currently, ZCash (ZEC) is in the range of $68.17. If the pattern continues, the price of ZEC  might reach the resistance levels of $69.6, $93.7, and $170.3. If the trend reverses, then the price of ZEC may fall to $54.10.

ZCash (ZEC) Support and Resistance Levels

The chart below shows the support and resistance levels of ZCash (ZEC).

ZEC/USDT Support and Resistance Level (Source: TradingView)

 From the above daily time frame, we can clearly interpret the following as the resistance and support levels for ZCash (ZEC).

Resistance Level 1$70.1
Resistance Level 2$81.6
Resistance Level 3$97
Resistance Level 4$114.2
Resistance Level 5$141.9
Resistance Level 6$170
Support Level $56
ZEC Support & Resistance Level

The charts show that ZCash (ZEC)  has performed a bullish trend over the past month. If this trend continues, ZEC might run along with the bulls overtaking its resistance level at $170.

Accordingly, if the investors turn against the crypto, the price of ZCash (ZEC)  might plummet to almost $56, a bearish signal.

ZCash (ZEC) Price Prediction 2022 — RVOL, MA, and RSI

The Relative Volume (RVOL) of ZCash (ZEC) is shown in the chart below. It is an indicator of how the current trading volume has changed over a period of time from the previous trading volume. RVOL of ZEC was above the cut-off line in the first week of June. But currently, the RVOL of ZEC lies below the cutoff line, indicating weak participants in the current trend.

ZEC/USDT RVOL, MA, RSI (Source: TradingView)

Also, the Moving Average (MA) of ZCash (ZEC) is shown in the chart above. Notably, ZCash’s (ZEC) price lies below 50 MA (short-term), so it is completely in a downtrend. Currently, ZEC has entered a bearish state. Therefore, there is a possibility of a reversal trend of ZEC at any time.

Meanwhile, the relative strength index (RSI) of the ZEC is 36.33. This means that ZCash (ZEC) is in an oversold state. However, this means a major price reversal of ZEC may occur in the upcoming days. So, traders need to trade carefully. 

ZCash (ZEC) Price Prediction 2022 — ADX, RVI

Let us now look at the Average Directional Index (ADX) of ZCash (ZEC). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.

ZEC/USDT ADX, RVI (Source: TradingView)

The above chart represents the ADX of ZCash (ZEC). Currently, the ADX of ZEC lies in the range of 40.8 and thus, it indicates a strong trend. 

The above chart also represents the Relative Volatility Index (RVI) of ZCash (ZEC). RVI measures the constant deviation of price changes over a period of time. The RVI of ZEC lies above 50, indicating low volatility. In fact, the RSI of ZCash (ZEC) is at 36.33, thus confirming a potential buy signal.

Comparison of ZEC with BTC, ETH

The below chart shows the price comparison between Bitcoin (BTC), Ethereum (ETH), and  ZCash (ZEC).

BTC Vs ETH Vs ZEC Price Comparison (Source: TradingView)

From the above chart, we can interpret the price changes of BTC, ETH, and ZEC  are moving in a similar trend. This indicates that when the price of BTC increases or decreases, the price of ETH and ZEC would increase or decrease respectively.

ZCash (ZEC) Price Prediction 2023

If the declining price action completely slows down in momentum and the trend reverses, ZCash (ZEC) might probably attain $240 by 2023.

ZCash (ZEC) Price Prediction 2024

With several upgrades in the network, ZCash (ZEC) might enter a bullish trajectory. If the coin grabs the attention of major investors, ZEC might rally to hit $280 by 2024. 

ZCash (ZEC) Price Prediction 2025

If ZCash (ZEC) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 3 years, ZEC would rally to hit $300.  

ZCash (ZEC) Price Prediction 2026

If ZCash (ZEC) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 4 years, ZEC would rally to hit $370. 

ZCash (ZEC) Price Prediction 2027

If ZCash (ZEC) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 5 years, ZEC would rally to hit $420. 

ZCash (ZEC) Price Prediction 2028

If ZCash (ZEC) holds up a strong stance as a better investment option for the next 6 years amid the trends in the highly-volatile crypto market. By driving significant price rallies, ZEC would hit $470 in 2028.

ZCash (ZEC) Price Prediction 2029

If investors flock in and continue to place their bets on ZCash (ZEC), it would witness major spikes. ZEC might hit $510 by 2029.

ZCash (ZEC) Price Prediction 2030

With greater advancements in the ZCash ecosystem, the crypto community might continue to invest in ZEC for the next 8 years and drive significant price rallies for the token. Hence, ZCash (ZEC) might hit $550 by 2030.

Conclusion

With continuous improvements in the ZCash network, we can say that 2022 is a good year for ZEC. For this reason, the bullish price prediction of ZCash (ZEC) in 2022 is $170. On the other hand,  the bearish price prediction of ZCash (ZEC) price prediction for 2022 is $56.

ZCash (ZEC) might reach $200 if the investors believe that ZEC is a good investment in 2022. Furthermore, with the advancements and upgrades to the ZCash ecosystem, the performance of ZEC would help to reach above its current all-time high (ATH) of $3,191.93 very soon. 

FAQ

1. What is ZCash (ZEC)?

ZCash (ZEC) is a privacy-focused cryptocurrency of the ZCash blockchain. ZEC was launched in 2016. The private transactions are verified using zero-knowledge proofs (ZKPs).

2. Where can you purchase ZCash (ZEC)?

ZCash (ZEC) has been listed on many crypto exchanges which include Binance, HitBTC, FMFW.io,  Coinbase, WhiteBIT, OKX, KuCoin, and Gate.io.

3. Will ZCash (ZEC) reach a new ATH soon?

With the ongoing developments and upgrades within the ZCash platform, ZEC has a high possibility of reaching its ATH soon.

4. What is the current all-time high (ATH) of ZCash (ZEC)?

On October 29, 2016, ZCash (ZEC) reached its new all-time high (ATH) of $3,191.93.

5. Is ZCash (ZEC) a good investment in 2022?

ZCash (ZEC) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of ZCash  in the past few months, ZEC is considered a good investment in 2022.

6. Can ZCash (ZEC) reach $200?

ZCash (ZEC) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues then ZCash (ZEC) will hit $200 soon.

7. What will be ZCash (ZEC) price by 2023?

 ZCash (ZEC) price is expected to reach $240 by 2023.

8. What will be ZCash (ZEC) price by 2024?

 ZCash (ZEC) price is expected to reach $280 by 2024.

9. What will be ZCash (ZEC) price by 2025?

Zcash (ZEC) price is expected to reach $320 by 2025.

10. What will be ZCash (ZEC) price by 2026?

Zcash (ZEC) price is expected to reach $370 by 2026.

Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.

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