Market Analysis: Zcash Faces Potential Downtrend Amid Technical Signals and Bearish Sentiment Zcash ( ZEC ) has experienced a notable decline, falling approximately 30% from its peak of $750 reached in November. The recent price action has prompted concerns over further downside, with some analysts warning of a possible "pump-and-dump" scenario amid suspicious promotional activities. Despite the recent correction, some long-term investors remain optimistic about Zcash’s prospects, citing its technological strengths and network development. ZEC/USDT four-hour chart. Source: TradingView Technical Indicators Signal Possible 50% Decline Currently, Zcash is trading within a symmetrical triangle pattern on the four-hour chart, indicative of market indecision following a substantial 1,500% rally since late September. The pattern is reinforced by a rebound from the 200-4H exponential moving average (EMA), a critical support level. Analysts suggest this setup could propel the ...