Zcash (ZEC) is currently priced at $243.73, experiencing a minimal 24-hour change of 0.16725%. The daily range shows volatility, with a high of $258.62 and a low of $242.09, indicating a range of 16.53%.

Volume for ZEC stands at approximately $401.66 million, with a volume-to-market cap ratio of 9.93%. The hourly moving averages indicate bearish sentiment, particularly with the 8 SMA at $249.27 and the 13 SMA at $248.86, both showing declines of around 2.2% and 2.06%, respectively.

The Relative Strength Index (RSI) is currently low, with the 1-hour RSI at 33, suggesting that ZEC may be oversold in the short term. Meanwhile, the 7-day RSI at 46 indicates a lack of strong upward momentum, alongside a 7-day price change of -5.29% and a significant 30-day decline of -35.54%.

Historically, Zcash reached an all-time high of $3,191.93 in October 2016, which highlights the potential for recovery but also the challenges it faces in regaining previous values. Current technical indicators point toward continued bearish pressure, especially as moving averages remain in a downtrend.

In summary, the overall market conditions and technical indicators suggest that ZEC is under pressure, with a lack of bullish signals and an oversold status in the short term. Given the current data, a Hold rating is appropriate; investors may want to monitor for signs of stabilization or a potential reversal before making further investment decisions.