The post Zcash (ZEC) Price Analysis for November 29 appeared on BitcoinEthereumNews.com. The market is mainly red on the first day of the weekend, according to CoinMarketCap. Top coins by CoinMarketCap ZEC/USD The rate of Zcash (ZEC) has fallen by 3.60% over the last 24 hours. Image by TradingView On the hourly chart, the price of ZEC is going down after a false breakout of the local resistance of $472.59. If bears’ pressure continues, one can expect an ongoing drop to the $438 support. Image by TradingView On the bigger time frame, the picture is more bearish than bullish as the rate remains near the support level. You Might Also Like If buyers cannot seize the initiative, there is a high chance of a more profound decline to the $400 area. Image by TradingView From the midterm point of view, the situation is similar. If a breakout of the $440 level happens, the accumulated energy might be enough for a move to the $350-$400 range. ZEC is trading at $456.60 at press time. Source: https://u.today/zcash-zec-price-analysis-for-november-29The post Zcash (ZEC) Price Analysis for November 29 appeared on BitcoinEthereumNews.com. The market is mainly red on the first day of the weekend, according to CoinMarketCap. Top coins by CoinMarketCap ZEC/USD The rate of Zcash (ZEC) has fallen by 3.60% over the last 24 hours. Image by TradingView On the hourly chart, the price of ZEC is going down after a false breakout of the local resistance of $472.59. If bears’ pressure continues, one can expect an ongoing drop to the $438 support. Image by TradingView On the bigger time frame, the picture is more bearish than bullish as the rate remains near the support level. You Might Also Like If buyers cannot seize the initiative, there is a high chance of a more profound decline to the $400 area. Image by TradingView From the midterm point of view, the situation is similar. If a breakout of the $440 level happens, the accumulated energy might be enough for a move to the $350-$400 range. ZEC is trading at $456.60 at press time. Source: https://u.today/zcash-zec-price-analysis-for-november-29