ZEC falls below the $300 support level as bears tighten their grip—Zcash's next target price is $200...

According to CoinWorld, ZEC continues to face downward pressure, having fallen below the $300 support level (now turned resistance), and is currently trading near $245. Sellers are targeting the support area at $240-244; if this area is breached, the decline could further extend to the $200-210 region. Resistance is at $260-280, with $300 being a key resistance level. Although oversold conditions and a hammer candlestick near $240 indicate that selling momentum is weakening, a sustained rebound still requires increased trading volume and a breakout above resistance. Regulatory scrutiny and negative factors in the privacy coin sector continue to weigh on market sentiment.