ZEC Token Faces 3.87% Drop Amid High Volatility and $1.22B Trading Volume After Binance Listing

ZECUSDT experienced a 3.87% price decrease in the last 24 hours, with the current price at 438.85 USDT and a 24-hour trading volume exceeding $1.22 billion. The recent downturn follows heightened market volatility, leveraged liquidations totaling $1,427.9 on short positions and $12,459 on long positions, and a mix of contrasting technical analyses. Bearish sentiment emerged after reports of a potential top indicated by RSI divergence, while prior bullish momentum was supported by strong accumulation and key support zone maintenance. Increased trading activity and a notable listing on Binance earlier in the week contributed to recent price surges, but the latest technical signals and liquidations have prompted a corrective phase. Zcash maintains a market cap of approximately $7.22 billion and continues to be a leading privacy-focused cryptocurrency actively traded on major exchanges.