Zcash (ZEC) has been navigating a period of consolidation after a sharp pullback from recent highs. The cryptocurrency is currently trading around $244, reflecting a cautious market environment following a 35% decline over the past month. On the charts, ZEC is trading within a descending triangle on the 4-hour timeframe, and it recently broke a key trendline below, signalling some bearish momentum in the near term. Zcash price chart | Source: TradingView Despite this, there are signs that the market is finding its footing. The support between $234 and $230 has held strong, providing buyers with a clear entry point.