Zcash (ZEC) is encountering a significant sell wall at the $380 resistance level, with sell orders outnumbering buy bids by a 3:1 ratio. Analysts have identified this area as a 'liquidity trap,' where large holders are capitalizing on retail breakout attempts to offload their positions. If Zcash fails to reclaim the $380 level, it risks a decline toward the $287 support level, as momentum indicators turn bearish. The 12-hour chart reveals that bearish momentum is gaining control following a multi-week rally, with key trendlines broken and volatility compressing within Bollinger Bands.