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ZCash (ZECUSDT) has experienced a significant bearish movement, observing a 40% decline over the past week. The analysis identifies a critical breakdown below the $485 level, subsequently retested without a successful reclaim, indicating strong selling pressure. Market observations reveal a lack of spot buying interest and an increase in short positions, which remain unliquidated. While a short-term rebound is possible, potentially encountering resistance at $400, $420, and $430, the prevailing trend across 4-hour and 12-hour timeframes remains bearish. The primary expectation is a continued downward trajectory towards a key accumulation zone at $300. This $300 level is supported by a 3-day timeframe imbalance and the yearly rolling Volume Weighted Average Price (VWAP), alongside historical price significance. These indicators collectively suggest $300 as a strong support level for potential scaling into positions, with the current bearish outlook invalidated if the price reclaims the $485 resistance.