Is a Drop Coming for Zcash? Expert Explains Critical Resistance Zone

Zcash prices have been surging, but now face a critical test. After hitting $310, the price pulled back and currently hovers just below the key resistance level at $237. This zone is crucial according to analyst CJ Bennett, as failure to hold could lead to a deeper pullback before any real recovery. [The article describes ZEC’s performance on various timeframes including Daily, Weekly and 4-hour charts] He explains the short-term picture appears messy, with no clear trend, but the longer-term outlook remains positive. If ZEC drops below $221, support at $200-$210 will act as a buffer. The article details different price patterns and their implications for ZEC’s future. [It dives into possible bearish scenarios like target of $200 if bulls fail to hold the current level]