The situation on the ZEC market in mid-July could have been quite tragic. The ZEC coin price movement is taking place in the global growth channel, which buyers started in March 2020. During this time, the ZECUSDT price reached the bottom trend line four times. Lastly, sellers even managed to break this trend line downwards. However, as the weekly candle closed above the trend line, buyers were confident to start a local growth wave:

<img class="alignnone" src="https://s3.tradingview.com/snapshots/x/XGN5X7sP.png" alt="ZEC" width="1380" height="809" />

<a href="https://www.tradingview.com/x/XGN5X7sP/">https://www.tradingview.com/x/XGN5X7sP/</a>

The trend line is of course an important indicator, but looking at the weekly timeframe, the liquidity range of $84-$92 is striking. The chart shows that buyers had problems with this range in August 2020 and January 2021. This range stopped the upward trend of the ZEC crypto price for 200 days. Therefore, there is no point in doubting the strength and importance of this range. Moreover, the weekly timeframe shows that ZEC sellers in high volumes have tried <a href="https://www.cryptoknowmics.com/news/zec-technical-analysis-price-may-soon-breach-the-first-fibonacci-pivot-resistance-level-of-8740/">three times to take control of this range</a>. Maintaining the range of $84-$92 allows them to hope for growth in the medium term to the range of $170-$180. Though, will buyers have enough strength to reach the desired target at such volumes? Due to a rather passive counterattack during the previous 2 weeks, this question is quite logical. To do this, move to the daily timeframe.
<h2>Zcash (ZEC) Technical Analysis on a Daily Timeframe.</h2>
<img src="https://s3.tradingview.com/snapshots/w/wSfQGsV2.png" alt="TradingView Chart Snapshot" />

<a href="https://www.tradingview.com/x/wSfQGsV2/">https://www.tradingview.com/x/wSfQGsV2/</a>

As you can see in the chart, the ZEC price growth looks quite stable, systematic, and a little unnatural. The first problem for buyers on the way to the global target of $170-$180 is at the mark of $130. It is in this mark that a large number of sellers will record their positions. In this case, buyers need to keep under their control the mark of $100-$110. This range will give support for the Zcash crypto price to continue the growth wave.

Analyzing the ZECBTC chart, we see that the globally declining trend has not changed. Now the ZECBTC price has approached the middle line of the global falling channel and yellow liquidity range. Trading volumes are low during the current local fall wave. Given that the nature of the fall is not aggressive, we can conclude that now sellers do not have enough strength to dominate the market. Therefore, we expect a continued increase in the Zcash coin price and a positive August for the cryptocurrency market.

ZEC Technical Analysis: Global Target of Buyers Is $170-$180

Moreover, the weekly timeframe shows that ZEC sellers in high volumes have tried three times to take control of this range.

Peter came to know about cryptocurrencies in 2017 and was instantly enamoured by their massive potential. As he gained more insights about the crypto market, he began writing about it. Peter's daily activity is analysis and forecasting, studying the price movements probabilities, and trying to understand the market inside. He is glad to witness such a phenomenon as cryptocurrency and decentralized finance, and to participate in it.

ZEC Technical Analysis: Global Target of Buyers Is $170-$180

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