XZC/USD Medium-term Trend: Ranging
Resistance Levels: $12.0, $13.0 $14.0
Support levels: $8.0, $7., $6.0
Yesterday, July 24, the price of Zcoin was in a range bound move below the 12-day EMA and the 26-day EMA. In retrospect, on June 19, the price of Zcoin reached its price of $13.50 price level but it was resisted. The coin went on a downward correction. On July 16, the downward trend was corrected at the $8 price level. The bulls made an upward move but were resisted at the 12-day EMA. The crypto’s price is ranging below the EMAs. On the upside, if the bulls break above the EMAs, the crypto’s price will rise and retest the $13.50 resistance level. On the downside, if the crypto’s price fall, it will revisit the previous low at $8.0 price level.
Meanwhile, the price of Zcoin is in the oversold region of the daily stochastic but above the 20% range. This indicates that price is in the bullish momentum and a buy signal.
. XZC/USD Short-term Trend: Ranging
On the 1-hour chart, the XZC price was in a sideways trend. The 12-day EMA and the 26-day EMA were sloping horizontally indicating that price sideways trends. The crypto’s price is fluctuating between the levels of $9.30 and $9.80. The price fluctuates below and above the EMAs. Meanwhile, the price of Zcoin is in the overbought region of the daily stochastic but above the 80% range. This indicates that price is in the bullish momentum and a buy signal.
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