Yesterday ZCoin reached the highest price since June, hitting $18.3 level. It actually got very close to the all-time high that was produced also in June and reached $20.2.

It seems that ZCoin might break above $20 resistance area in the near future as the volume and volatility are starting to pick up. XZCUSD continues to trade above the moving average and it did close above the 127.2% Fibonacci resistance level at $16.6.

There are enough facts supporting further growth of ZCoin while it continues to print new higher highs and higher lows. But not much pointing to the potential reversal to the downside. In any case, the risk of the trend reversal is always there but only break below the $8.8 would be able to make ZCoin very weak against the USD.