Zcash (ZEC) is currently priced at $31.27, reflecting a 1.76% increase over the last 24 hours. The daily trading range has been 1.79%, with a high of $31.78 and a low of $29.99, indicating relative stability in the short term.

Trading volume stands at approximately $59.5 million, with a volume-to-market cap ratio of 11.97%, suggesting adequate liquidity for trading activities. The hourly moving averages show bullish trends with the 8, 13, and 21 SMAs above the current price, while the 144 SMA indicates potential resistance near $31.98, which may cap short-term gains.

The 1-hour Relative Strength Index (RSI) is at 66, indicating the asset is approaching overbought conditions, while the 7-day RSI at 44 suggests that ZEC may be undervalued in the longer term. However, the 7-day, 14-day, and 30-day price changes are negative, highlighting a bearish trend over these periods and indicating selling pressure.

Given the current technical indicators, Zcash exhibits short-term bullish momentum but faces longer-term bearish trends, as reflected in its declining prices over the past month. The proximity to the resistance level and recent negative price movements suggest caution is warranted.

Rating: Hold. The current price action indicates potential upside in the short term, but the longer-term trends are bearish, making it prudent to wait for clearer signals before making any buy decisions.