Zcash Market Report: ZEC/USDT Down -58.59% on the Week
Zcash is down -14.67% on the day, down -58.59% on the week and down -98.94% all time on a last price of $95.32. ZEC/USDT is trading between a 24hr high of $118.99 and a 24hr low of $94.17 on a 24hr volume of 50568 USDT or 485 ZEC. The weekly trend is mixed.
|last price||$ 95.32|
|one week ago||$ 230.17|
The all time chart is shown below:
ZEC has seen significant volatility in price and volume since its launch. While the first week saw the last sustained rally in which price soared to $1453, the market has been mostly on a downtrend since with a last price of $95.32 ZEC/USDT. The Featured Chart illustrates the price and volume movements over the last week in two hour candlesticks.
Notwithstanding the staggering and sustained price decline it could be that the price is near the bottom for this digital asset. This week the Featured Chart shows more than one attempt at a rally with demonstrable upwards pressure on the price. November 15 actually shows a slim green candle for the daily price change – which is the first time this has appeared. It is a small ray of hope for a turnaround in price.
The weekly trend is mixed, not down, therefore the market sentiment indicator has been changed – with some reluctance – from bearish to neutral.
Subsequent to the November 15 reversal attempts, the highest trading volume of 124 ZEC in a November 16 2016 two hour session moved the price lower. Overall the market history suggests that while we are near a bottom support level, there could and appears to be more red coming.
Price change is the percentage change within the period:
Poloniex is the data source for this market report.
Market capitalization is the total $US dollar value of the Zcash market calculated using the formula:
|Market cap||Available supply||Last price|
|$ 4,082,842||42833||$ 95.32|
Daily High Low
The weekly trend is mixed.
Support is the lowest price within the period:
Resistance is the highest price within the period:
The data source Poloniex does NOT offer margin trading on this digital asset.
Range is the difference in price within the period:
Market sentiment is neutral.
Zcash is down -14.67% on the day, down -58.59% on the week and down -98.94% on the month. The weekly trend is mixed. ZEC/USDT saw weekly support at $94.17 and weekly resistance at $249.99. Market sentiment is neutral.
Past history is NOT an indicator of future results. Read the legal disclaimer:
This report was printed on Thursday November 17 2016 04:03 hours UTC. Contact KittyBitcoin to request custom reports.
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