Zcash’s recent surge, reaching a 10x spike and attracting attention across the crypto landscape, has swiftly faded. The price is now experiencing a steep downward trend, with early signals suggesting this could be merely the beginning of a larger drop. 📈📉 🚨 👨💼 💰 🤝 Analyst Spermix highlighted this decline on Twitter, noting that the price has broken through crucial support levels, leading to a noticeable weakening in momentum. He further predicts potential further downward movement, with the price possibly falling as low as $200 and even acting as an anchor point for future support. 📉🚀 💸 Spermix’s analysis suggests this drop might be more than just noise, emphasizing that $ZEC needs to stabilize before rallies gain any meaning. His chart demonstrates a clear downward trend, with the potential for prices to dip below previous supports. 👀📈 🤔 The technical indicators are also supporting this bearish outlook. 📊 📈 Key momentum and trend indicators from Investing.com show significant weakness in the market, with the RSI nearing oversold territory (35.639), Stochastic values remaining under 30, MACD showing a negative trend, and the Ultimate Oscillator highlighting selling pressure. 📉🔥 Together, these indicators paint a bleak picture for $ZEC’s future, suggesting the possibility of a deeper slide in prices. 📉 If this bearish trend persists, we could see a test of the crucial $200 support level. 📉 💪 The price may show some recovery attempts at this level as it has traditionally acted as strong support, but any rallies might prove to be temporary and unreliable until stability is restored. 🚀🙏