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Price Analysis of Zcash (ZEC) and Dash (DASH)

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Mar 11, 2022

When it comes to looking at the performance of cryptocurrencies demonstrating high performances, the cryptocurrencies recording high gains is Zcash (ZEC) and Dash (DASH). These cryptocurrencies have demonstrated high performances in the past 24-hours, so we will be analyzing them to see where their trend actually stands.

Zcash (ZEC) May Grow Up To $194.2

At the moment, the value of the ZEC/USDT pair is worth $148.99 per ZEC. The value of ZEC has reached this mark having observed a 15.99% surge in the past 7-days, and a 10.51% surge in the past 24-hours.

The constant purchasing of the bulls has also pushed the transaction volume of ZEC by 22.52%. As of now, the trading volume for ZEC is worth $802,261,464.

The summary scale for Zcash is currently pointing the investors towards the positive trend. The sell:neutral:buy ratio for Zcash currently stands at 4:8:14. Although the oscillators for Zcash are pointing towards “sell” sentiments of the investors, the moving averages are pointing towards “strong-buy” sentiments.

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The RSI for ZEC has also moved up to 66.40 and it is expected to grow higher if the rally continues. If the rally continues, then the ZEC price would start traveling into the resistance territory, where the first checkpoint would be at $163.1 per ZEC.

If the bulls keep building pressure over the bears, then the value of ZEC may grow up to the second strong resistance mark ($180.47 per ZEC).

Once the second resistance mark is hit, the investors staying on the neutral ground may start traveling into the bullish area. The bulls will need all the support they can get in order to get past the third major resistance mark. At the time of writing, the third major resistance mark for Zcash is $194.2 per ZEC.

Dash (DASH) May Grow Up To $141.5

Then comes Dash with its (6.17%) growth in the past 7-days and 4.40% growth in the past 24-hours. Following the surges, Dash has observed that its value has grown up to $100.81 per DASH.

The trading volume for DASH is also going up, following the strengthened buying potential of the bulls. As of now, the trading volume for DASH is up 15.10%, exhibiting a volume worth $348,300,487. The valuation for DASH has also surged and its capacity currently stands at $1,087,802,242.

The RSI being at 53 suggests that it is in the positive territory and the summary for DASH currently stands neutral. Therefore, either side can go for a higher rally in order to bring the investors on board.

For now, the sentiments suggest that the bulls may attempt to push DASH to $115.2 per DASH. Going forward, the investors may aid the bulls in running the rally, which would see its price grow up to $129.7 per DASH. The next major resistance mark DASH may hit with a strong buying force of the bulls would be $141.5 per DASH.

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