Zcash Price Breaks Down Below $500, Bearish Pattern Hints At 27% Decline Ahead

Zcash price has weakened sharply, confirming the bearish ascending wedge that had been forming over recent weeks. ZEC broke down decisively, erasing prior gains and pushing the asset into a corrective phase. While the decline signals growing downside risk, on-chain data suggests some investors may be positioning against a deeper collapse. Zcash Traders Are In Trouble Derivatives data highlights increasing stress among long-position traders source: https://beincrypto.com/zcash-price-breaks-down-below-support/