Zcash
$ZEC is currently trading at $334.48, showing a -8.46% decline over the last 24 hours. The price faced strong selling pressure after touching the 24h high of $370.55, and sellers pushed it down to the $328 support zone.
From a technical perspective, ZEC is trading below its key moving averages:
MA(7): 335.31
MA(25): 349.42
MA(99): 369.64
This indicates short-term bearish momentum. The MACD (-0.41) with negative DIF and DEA values suggests continued weakness unless buyers step in with strong volume.
Despite the pullback, ZEC recorded a solid 24h trading volume of $79.82M, showing that market interest is still active. The $325–328 zone is acting as an important support area, while $350–360 remains a strong resistance for any recovery move.
Traders should watch for confirmation before entering positions, as volatility remains high in the short term.
Trade smart. Manage risk.
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