The post Zcash (ZEC) Price Analysis for November 26 appeared on BitcoinEthereumNews.com. The rates of most of the coins are in the green zone today, according to CoinStats. ZEC chart by CoinStats ZEC/USD Zcash (ZEC) is the exception to the rule today, falling by 0.5%. Image by TradingView On the hourly chart, the rate of ZEC is near the local support of $491.52. However, if a bounce back does not occur and the daily bar closes near that mark, one can expect a level breakout, followed by a further drop to the $480 zone. Image by TradingView On the longer time frame, the price of ZEC remains under sellers’ pressure.  You Might Also Like If bulls lose the $500 zone, the accumulated energy might be enough for a more profound decline to the $400-$450 range. Image by TradingView From the midterm point of view, one should focus on the weekly bar’s closure in terms of the previous candle low at $475. If bulls cannot seize the initiative, one can expect a test of the $400 mark soon. ZEC is trading at $504 at press time. Source: https://u.today/zcash-zec-price-analysis-for-november-26The post Zcash (ZEC) Price Analysis for November 26 appeared on BitcoinEthereumNews.com. The rates of most of the coins are in the green zone today, according to CoinStats. ZEC chart by CoinStats ZEC/USD Zcash (ZEC) is the exception to the rule today, falling by 0.5%. Image by TradingView On the hourly chart, the rate of ZEC is near the local support of $491.52. However, if a bounce back does not occur and the daily bar closes near that mark, one can expect a level breakout, followed by a further drop to the $480 zone. Image by TradingView On the longer time frame, the price of ZEC remains under sellers’ pressure.  You Might Also Like If bulls lose the $500 zone, the accumulated energy might be enough for a more profound decline to the $400-$450 range. Image by TradingView From the midterm point of view, one should focus on the weekly bar’s closure in terms of the previous candle low at $475. If bulls cannot seize the initiative, one can expect a test of the $400 mark soon. ZEC is trading at $504 at press time. Source: https://u.today/zcash-zec-price-analysis-for-november-26