Zcash (ZEC) has resumed its bearish decline after showing renewed strength on Tuesday to hit the $470 mark. However, it has declined by more than 8% in the last 24 hours and has now dropped below $430. The bearish performance comes amid a broader risk-off sentiment driven by escalating geopolitical tensions in the Middle East and ongoing macroeconomic uncertainty. The technical indicators remain neutral on Wednesday, indicating indecision among traders. Despite the cautious market backdrop, ZEC continues to attract attention from traders looking for short-term upside opportunities. Open Interest remains high despite the price dip Retail engagement in Zcash appears to be strengthening, particularly in the derivatives market.
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