Highlights:The Zcash price is down by 6% to trade at $361, as its trading volume decreases 24%. Zcash (ZEC) price has remained in the red, currently exchanging hands at $361, marking a 6% drop today. The short-term trend appears bearish, as the Zcash price remains below the 50-day simple moving average (SMA). This implies that there is still room for further downside before any reversal signals may appear in the ZEC market. On the other hand, if the $428 resistance proves too strong, further downside could see Zcash price dwindle to $332 immediate support.