Balaji: Zcash Scales Toward $100,000
Balaji forecasts Zcash at $1,000, $10,000 and $100,000 as zk-SNARK scaling advances, with ZEC trading at $1001.62 on bullish 4h structure.
SourceAnalysis
Balaji posted that Zcash can scale, must scale and will scale, projecting prices at $1,000, $10,000 and $100,000 while highlighting its zk-SNARK privacy roots for peer-to-peer payments.
On the 4-hour chart ZEC tests upper Bollinger resistance at $1002.01 with RSI(14) at 76.2 flashing overbought, pointing to a probable retracement toward EMA50 support at $844 before continuation, while the MACD golden cross and price above EMA200 at $690.83 keep the broader bullish structure intact for any updated ZEC price prediction.
Balaji
@balajisImmutable money, infinite frontier, eternal life.