Zcash (ZEC) Still Targets the $120 Mark After Being Delisted By BitOasis Exchange
May 28, 2019 @ 14:02 UTC
The entire digital currency space is in a developing phase, no doubt. Getting a very strong community is pretty tough task for many digital currency projects. As most digital currencies are trying to create global presence and secure new partnerships, there is negative Zcash news. BitOasis recently delisted Zcash (ZEC) from its trading platform. Many users on Twitter are saying that there was no prior information of the delisting of Zcash on the trading platform.
However, the negative Zcash news seems to have no effect on the price of Zcash (ZEC). The price of Zcash is still very bullish and it is soaring higher to test new yearly highs. Zcash price prediction 2019 is still $120, and the digital currency seems to be heading towards that level. This is an unusual trend in the crypto space, as the delisting of a digital currency usually results in catastrophe for the coin.
Zcash began this year at a moderate price range after plunging deeply towards the ending of 2018. Nevertheless, it could not hold gains and it plunged lower. Zcash (ZEC) tested its lowest level this year on the 6th of February, when the price of ZEC plunged to $47. Zcash price started recovering on the 1st of April in a bull run that saw the price of Bitcoin (BTC) over the $6k level. Bitcoin (BTC) has been doing pretty well since then, and it is now heading for the $9k level.
At the moment, ZEC USD price is supported at the $73 mark. On the upside, the immediate resistance is at the $80 mark. A break over this level will pave the way towards the short-term Zcash price prediction of $90 and $100. The digital currency is correcting higher and it might hit the $100 mark in the short-term despite being delisted by BitOasis.