Some coins are in the green zone, while others keep falling, according to CoinMarketCap.
ZEC/USD
The price of ZEC has fallen by 2.85% over the last 24 hours.
On the hourly chart, the rate of ZEC might have fixed at the local support of $643.49. If the daily bar closes far from that mark, one can expect a test of the resistance by tomorrow.
On the longer time frame, one should focus on the candle’s closure in terms of the resistance of $750. If its breakout occurs, growth may lead to a new all-time high.
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Such a scenario is relevant until the end of the week.
From the midterm point of view, the situation is similar. If the weekly bar closes near $750, traders may witness a test of the $800 mark shortly.
ZEC is trading at $690.31 at press time.