Zcash (ZEC) is currently priced at $363.85, having experienced a significant 24-hour decline of 7.25%. The daily trading range has been notably wide at 33%, with a high of $396.58 and a low of $363.58, indicating volatility in the market.

Trading volume has reached approximately $434 million, contributing to a volume-to-market cap ratio of 7.23%, suggesting moderate trading activity relative to its market capitalization. The short-term moving averages show a bearish trend, with the 8 SMA at $375.56 down 3.12% and the 13 SMA at $379.23 down 4.06%, indicating a lack of upward momentum.

The 1-hour RSI is alarmingly low at 7, which typically suggests oversold conditions, while the 7-day RSI is neutral at 50, reflecting a more stable but uncertain trend. Over a longer timeframe, the 14-day price change has declined by 14.44%, and the 30-day price change shows a more substantial drop of 32.34%, indicating a persistent downtrend.

Despite the recent volatility, ZEC's all-time high remains significantly distant at $3,191.93, highlighting its potential for recovery. However, given the current bearish momentum and lack of upward signals in both moving averages and RSI, the outlook remains cautious.

Based on this analysis, the recommendation for Zcash (ZEC) is to Hold. The oversold condition might present a short-term buying opportunity, but the overall trend suggests waiting for more definitive signs of recovery before committing additional capital.