Zcash Plummets: Is a Bearish Trend Setting In for ZEC?

Zcash (ZEC) has experienced a dramatic price decline, dropping over 32% within the last week alone. The token is currently trading around $365 after experiencing a sharp drop of more than 20% in the past 24 hours. This sudden downturn follows the loss of key support levels, raising concerns about the future direction of the asset. The question remains: will ZEC continue its downward trajectory or will a potential rebound occur?