Zcash (ZEC) is currently priced at $689.14, reflecting a significant 24-hour change of 9.84%, with a daily range of 90.53%. The price movement shows a high of $713.31 and a low of $622.78, indicating strong volatility and potential trading opportunities in the short term.

The trading volume stands at approximately $2.59 billion, contributing to a volume-to-market cap ratio of 22.95%, suggesting healthy market activity. The hourly moving averages show a slight bullish trend, with the 8 SMA at $685.74 and a 1.43% increase in the 21 SMA, indicating upward pressure in the near term.

The 1-hour RSI is at 46, indicating a neutral market condition, while the 7-day RSI at 54 reflects a slightly bullish momentum over a longer timeframe. Recent price changes indicate a robust 30-day gain of 147.17%, emphasizing the potential for sustained upward movement despite current pullbacks.

Fundamentally, ZEC's price is significantly below its all-time high of $3191.93 reached in October 2016, suggesting potential for growth if market conditions remain favorable. Current trends coupled with the substantial daily change indicate heightened investor interest, which could lead to further price appreciation.

Given the strong recent performance, healthy trading volume, and the positioning of moving averages, a short-term trading opportunity presents itself. Therefore, the recommendation is to Buy Zcash (ZEC) at current levels, capitalizing on the recent upward momentum and market interest.