Zcash (ZEC) price has drawn closer to the $401 mark. Recent trading volume has surged over 105%. While bulls have seen a brief surge, market sentiment remains bearish, with Zcash’s market cap declining by 4.29%. The broader crypto market is down as well, impacting all assets. Notably, Zcash is trending among the most-active coins, reaching highs of $480.76 after briefly dipping to $377.52 this morning. The asset’s price has likely tested key resistance levels between $379 and $478. With over 2.24% gains, ZEC trades around the $401 mark, demonstrating a significant increase in trading volume that reached $1.88 billion overnight. This surge comes with an alarming amount of liquidations, totaling $16.99 million from within the past 24 hours. The overall market is displaying signs of weakness, leading to concerns over a potential deeper drop. 8-hour price chart data reveals a brief bearish outlook. The ZEC/USDT pair might immediately fall and test nearby support at $398.53. If this holds, it could lead to further losses as the