The post Zcash (ZEC) Price Analysis for November 13 appeared on BitcoinEthereumNews.com. The rates of most of the coins remain in the red zone today, according to CoinMarketCap. Top coins by CoinMarketCap ZEC/USD ZEC is an exception to the rule as its price has risen by 7.42% over the last 24 hours. Image by TradingView On the hourly chart, the price of ZEC has made a false breakout of the local support of $489.41. However, if the daily bar closes near that mark, bears may again seize the initiative, which may lead to a test of the $470-$480 range. Image by TradingView On the longer time frame, the rate of ZEC has also bounced off the support of $440. But the price remains far from key levels, which means none of the sides is dominating.  You Might Also Like In this case, sideways trading in the area of $450-$550 is the most likely scenario. Image by TradingView From the midterm point of view, the situation is similar. The price is in the middle of the wide channel, between the support of $298 and the resistance of $750. The volume has dropped, which means traders are unlikely to witness sharp ups or downs. ZEC is trading at $501 at press time. Source: https://u.today/zcash-zec-price-analysis-for-november-13The post Zcash (ZEC) Price Analysis for November 13 appeared on BitcoinEthereumNews.com. The rates of most of the coins remain in the red zone today, according to CoinMarketCap. Top coins by CoinMarketCap ZEC/USD ZEC is an exception to the rule as its price has risen by 7.42% over the last 24 hours. Image by TradingView On the hourly chart, the price of ZEC has made a false breakout of the local support of $489.41. However, if the daily bar closes near that mark, bears may again seize the initiative, which may lead to a test of the $470-$480 range. Image by TradingView On the longer time frame, the rate of ZEC has also bounced off the support of $440. But the price remains far from key levels, which means none of the sides is dominating.  You Might Also Like In this case, sideways trading in the area of $450-$550 is the most likely scenario. Image by TradingView From the midterm point of view, the situation is similar. The price is in the middle of the wide channel, between the support of $298 and the resistance of $750. The volume has dropped, which means traders are unlikely to witness sharp ups or downs. ZEC is trading at $501 at press time. Source: https://u.today/zcash-zec-price-analysis-for-november-13

                                                                               Market participants are eagerly anticipating at least a 25 basis point (BPS) interest rate cut from the Federal Reserve on Wednesday.                     The Federal Reserve, the central bank of the United States, is expected to begin slashing interest rates on Wednesday, with analysts expecting a 25 basis point (BPS) cut and a boost to risk asset prices in the long term.Crypto prices are strongly correlated with liquidity cycles, Coin Bureau founder and market analyst Nic Puckrin said. However, while lower interest rates tend to raise asset prices long-term, Puckrin warned of a short-term price correction.  “The main risk is that the move is already priced in, Puckrin said, adding, “hope is high and there’s a big chance of a ‘sell the news’ pullback. When that happens, speculative corners, memecoins in particular, are most vulnerable.”Read more