Zcash (ZEC) is currently trading at $229.76, experiencing a significant 24-hour decline of 5.19%. The price fluctuation in the last day shows a high of $243.10 and a low of $229.84, indicating a daily range of 13.26%.

The trading volume stands at approximately $249.64 million, with a volume-to-market cap ratio of 6.57%, suggesting moderate trading activity relative to its overall market capitalization. Short-term moving averages indicate a bearish trend, with the 8 SMA at $236.64 and the 13 SMA at $236.86, both showing declines of around 2.91% and 3.00% respectively.

The 1-hour RSI is currently at 37, indicating that ZEC is nearing oversold territory, while the 7-day RSI at 47 reflects a neutral sentiment. However, both the 7-day and 14-day price changes are negative, at -14.34% and -41.69% respectively, suggesting a persistent bearish trend over the last two weeks.

ZEC's price has dropped significantly over the past 30 days, down nearly 40.50%. The stark contrast between the current price and its all-time high of $3,191.93 raises concerns about long-term investor confidence and market sentiment.

Considering the current technical indicators and the overall market performance, the outlook for Zcash appears bearish in the short to medium term. Given the negative price trends and the lack of bullish momentum, a Sell rating is warranted until a reversal pattern or significant positive catalyst emerges.