Horizen price prediction : Horizen was down $1.82%
Table of contents
The coin was launched in 2017 under the name Zen cash however, in 2018 it was rebranded to Horizen. Because in most instances, it was being confused with the Zcash. Its creators are Robb Viglione and Rolf Versluis. The duo has worked together, even before the Horizen crypto project. Another crypto project they have partnered together on is the Zen blockchain foundation. The duo has a vast experience in the block chain industry.
Horizen Price Chart
The coin shows high volatility as the bands widen in the 1-day chart. In the upper Bollinger band, it was at $41.44 while the lower band had gone down hitting the $31.10 mark. The moving average recorded $36.24 representing the second layer of support technically for the ZEN/USD pair. In the MACD the signal line is crossing the MACD line this shows that the market is bearish. The relative strength index (RSI) is at the 32.65 mark this shows that the market is oversold. The curve line is still going on the downward trend
In the 7 day chart, the Bollinger bands started narrowing on the 25th of April indicating that the price volatility is declining. The upper band was at the $41.43 mark whilst the lower band reduced to $31.25 making an average at the $36.25 mark. The RSI had a slight improvement since it was at the $33 mark from the 1day chart mark of 32. Indicating that the market is overbought.
As of the 30th of April, Zen was trading at $31.26 with a trading volume of $31,125 in the last twenty-our hours. However, the coin was down $1.82% in the last 24 hours.
Technical Analysis
In the past 24 hours, the coin had an overview summary of 4 out of 26 indicating buy and 14 out of 26 indicating sell. Similarly, in the moving average, it had a strong sell-off of 13 out of the 26, and 1 out of 26 was showing buy. The oscillators had a strong buy of 3 out of 26 and had 1 sell out of the 26.
What Influencers think about the Horizen Price Prediction
According to Noah Reed, a YouTube financial influencer is that the coin will have amassed a whopping $160 by 2025 even if the Horizen coin is currently trading at a downward trend. Additionally, for those investing in the Horizen for the long run will be a good investment as we will see a massive gain.
Here are Reasons Why You should Invest in the Coin
Horizen has a competent team that makes new innovations to the coin and scales it towards its growth. Additionally, the coin seeks to secure the data of its customers and has a secrecy feature that one can use. Furthermore, it is one of the biggest network distributors in the industry. Financial experts have predicted the massive growth of the coin that will happen in the coming years. The coin has made alliances with different companies. They include Celsius, Sikoba, and the LTO network. Similarly, the coin is good for a long-term investment since it is gaining a lot of users over time.