Zcash Plunges 40%, Traders Eye Potential Bounce from Support Zone

Zcash ($ZEC) experienced a significant drop of over 40% in the last few hours, shattering multiple support levels and reaching $440. Influential trader Crypto Tony has his eyes on this area, hoping for a strong rebound or a final breakdown. The privacy coin sector is experiencing a sharp downturn as Bitcoin remains relatively stable. This trend suggests a risk-off rotation in the market.