Zcash (ZEC) is currently priced at $237.91, experiencing a 24-hour decline of 2.36%. The daily trading range is notable, oscillating between a high of $244.57 and a low of $228.68, indicating volatility with a daily range of 15.89%.

Volume stands at $394,137,601, constituting 10.04% of the market cap, suggesting active trading but also a need for caution given the downward price trend. The moving averages indicate mixed short-term signals, with the 8 SMA showing a slight increase of 0.75% and the 21 SMA indicating a minor decline of 0.19%, while the longer-term 144 SMA reveals a more significant drop of 2.72%.

The 1-hour Relative Strength Index (RSI) is at 53, reflecting a neutral short-term momentum, whereas the 7-day RSI at 45 points to potential overselling. The price has decreased by 20.94% over the past week, 33.91% over the past two weeks, and 37.28% over the last month, highlighting a significant bearish trend.

Considering the substantial price decline over the longer terms and the mixed signals from the moving averages, Zcash appears to be under pressure, with short-term fluctuations unable to offset the bearish outlook. The all-time high of $3191.93 remains a distant target, underscoring the need for substantial recovery to regain investor confidence.

In conclusion, the current market conditions suggest a cautious approach toward Zcash. Therefore, the rating is a Sell, primarily due to the prolonged downtrend and the lack of immediate bullish indicators.