ZCash (ZEC) has experienced a sharp decline, falling 36.8% over the past five days from $750 to $473. This significant drop has traders closely monitoring Fibonacci retracement levels and technical indicators, which suggest a potential further decline to $395.9 or even $299.6 if the bearish trend persists. The Relative Strength Index (RSI) remains below 50, and the On-Balance Volume (OBV) has decreased, both indicating continued bearish momentum. However, a rally above $520, supported by strong trading volume, could signal a reversal towards bullish strength.