Zcash (ZEC) is trading at $466.04 after a 1.7% decline, hovering near a crucial demand block that has shown resilience in previous sessions. The cryptocurrency is currently below the EMA9 and MA50 on the 4-hour chart, signaling weakened momentum with support at $442.53. Short-term resistance is identified at $479.80, and a potential breakdown could lead to a range between $430 and $410. Analysts indicate a possible rebound towards $485–$500 if the demand block remains intact.
Zcash Holds Near Key Support at $466 Amidst Weakened Momentum
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