Zcash is at a critical juncture after a 13% drop this week: What will happen next?Zcash (ZEC) faces continued selling pressure, dropping 13% over the week. Currently trading around $322, market sentiment shows weakness, and further declines could see prices fall to $200. Key support at $310 is critical, with increased short positions in the derivatives market indicating bearish expectations. Investors should monitor the support levels closely, as a breakdown could accelerate the decline. Technical indicators suggest a bearish trend, and traders are advised to exercise caution. The overall market environment remains uncertain, with external factors potentially influencing future movements.
TapChiBitcoin·1h ago