Zcash (ZECUSD) price edged lower in its latest intraday trading, as the price takes profits from its previous gains while attempting to gain positive momentum that could help it resume its gains in the near future. Additionally, the price is trying to ease some of its clear overbought conditions according to the Stochastic indicator, especially with the emergence of a negative crossover, amid the dominance of the main short-term bullish trend.

Therefore we expect the cryptocurrency price to rise during its upcoming intraday trading sessions, as long as support at $339.00 remains intact, targeting its next resistance level at $420.00.

Todays price forecast: Bullish