Zcash price is sinking deeper into bearish territory as both price and trading activity continue to weaken. The privacy-focused token is down nearly 5% over the past 24 hours and has now fallen more than 44% over the past month.
Zcash still shows year-on-year gains of nearly 700%. Today, that rally feels distant. Selling pressure is building, trader interest is fading, and price is steadily moving toward its next major downside target near $200. With momentum weakening across multiple indicators, the…