Zcash (ZECUSD) price recorded gains in its latest intraday trading, as a short-term corrective upward wave remains in control, with price action moving along a supporting trend line. The move is supported by continued trading above the 50-day SMA, which provides dynamic support and strengthens the chances of extending gains in the near term. RSI is also showing a developing positive divergence after reaching deeply oversold levels relative to price action, with early positive signals starting to appear.

Therefore we expect the cryptocurrency price to rise in upcoming intraday trading, as long as it holds above the $281.65 support level, targeting the first key resistance at $342.25.

Todays price forecast: Bullish