ZCash (ZEC) is facing difficulties in recovering amid a general market downturn, with its price dropping 3.82% in the past 24 hours. The cryptocurrency is currently testing the $400 support level, a crucial point for determining its short-term trajectory. Analysts indicate that a breakout above $425 could potentially attract buyers, while a fall below $400 might lead to further declines. A successful rally above the descending channel could see ZEC aiming for $605, though traders are advised to wait for clearer signals before making decisions.
ZCash Faces Challenges as Price Tests Key Support Level
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