Zcash Price Plunge Looming: Will it Drop by 50%? Market Analysis Reveals Potential Downsides

Zcash (ZEC), having experienced a significant 30% decline from its November peak of $750, is facing potential bearish pressure. This correction raises concerns about further downtrend and has sparked debate among market analysts. While some experts warn of a possible “pump-and-dump” scheme due to suspicious promotional activities, long-term investors remain optimistic about Zcash’s prospects based on its technological strengths and network development. Current technical analysis, including the symmetrical triangle pattern in trading charts, indicates potential price fluctuations and a possible 50% decline if bearish momentum continues.