Zcash price dropped 16% in 24 hours, falling below $400, delaying attempts to reclaim higher levels and weakening market sentiment. The correlation between Zcash and Bitcoin has turned negative, introducing risk dynamics for traders. Long traders face liquidation risk as ZEC hovers near $344 support, with potential for further downside toward $300 triggering a $17.49 million liquidation cluster. However, a shift in momentum could stabilize ZEC at $344 and lead to a recovery toward $403, restoring confidence among long traders.

Read more at Yahoo Finance: Zcash Price Struggle Below $400 Is Down To Bitcoin, Here’s How