Zcash Price Analysis – 24th February 2020

On-chain statistics show stagnant transactions per day with an all-time low in active addresses. Even with the integration of Sapling, shielded addresses are only being utilized by 13% of transactions.

Technicals for both the ZEC/USD and ZEC/BTC markets show a nascent bullish trend following several years of a strong bearish trend. Both pairs have recent Golden Crosses and sit above the daily Cloud. Potential near-term upside targets for ZEC/USD and ZEC/BTC sit at the psychological zones of US$100 and 0.01 BTC, respectively. Potential long-term upside targets for ZEC/USD and ZEC/BTC sit at the psychological zones of US$250 and 0.015 BTC, respectively.

Post Author: CoinCryptoNews