The price of Zcash (ZEC) continues to face strong selling pressure as the price repeatedly sets lower highs and lower lows, while the resistance trendline remains the main barrier to any recovery efforts.
Currently, ZEC is trading around $205 after breaking through the important support level of $300, which has been a critical threshold. The breakdown has increased bearish momentum, and traders are watching for potential further declines.
The market sentiment remains cautious, with many investors expecting continued volatility. If the price fails to recover above the resistance line, it could lead to a further decline toward the next support levels. Conversely, a strong rebound could signal a potential reversal, but confirmation is needed.

*Zcash price chart showing recent downtrend and support levels*
In summary, Zcash is currently in a bearish phase, with key support and resistance levels being tested. Traders should monitor these levels closely to make informed decisions.