Zcash (ZEC) Price Analysis for November 22
Analysis
Price Impact
HighZcash (zec) experienced a significant drop of almost 19% on the day, with technical analysis indicating a high probability of further downward movement if key support levels fail.
Trustworthiness
MedAnalysis is based on technical chart patterns across hourly, daily, and weekly timeframes, identifying specific support and resistance levels. however, it's a technical projection and market sentiment can shift quickly.
Price Direction
BearishThe article highlights an ongoing market decline, with bears attempting to seize control. potential drops to $450 and even $400 are projected if current support levels around $483 and $479.09 are breached and the weekly candle closes lower.
Time Effect
ShortThe analysis points to immediate price action with potential tests of resistance 'by tomorrow' and further drops to $450 if 'local growth does not happen'. the most extended bearish scenario to $400 is relevant 'until the end of the month', making the primary impact short to medium term.
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Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Read U.TODAY on Google News The weekend has started with an ongoing market decline, according to CoinMarketCap . Advertisement Top coins by CoinMarketCap ZEC/USD Zcash (ZEC) has lost a lot of value today, falling by almost 19%. Image by TradingView On the hourly chart, the rate of ZEC has made a false breakout of the local support of $479.09. If the daily bar closes far from that mark, one can expect a test of the resistance by tomorrow. Image by TradingView On the bigger time frame, the price of ZEC has bounced off the support of $483. However, if local growth does not happen, there is a high chance of a further drop to the $450 area. Image by TradingView From the midterm point of view, bears are trying to seize the initiative. If the weekly bar closes below the previous candle low, traders may see an ongoing downward move to the $400 zone. You Might Also Like Fri, 11/21/2025 - 15:53 XRP Price Analysis for November 21 By Denys Serhiichuk Such a scenario is relevant until the end of the month. ZEC is trading at $518.34 at press time. #ZCash Price Prediction