Thinking $ZEC ‌ might be dead? You might want to look closer at the chart before you write it off.

Zcash is currently sitting at 196.33 and the bleeding just doesn't seem to stop. We’ve dropped over 5% today alone and that 222 resistance level is feeling like a distant memory right now.
Price action is getting really tight near the 184 support we saw back in early February. If we break that floor, things could get ugly fast. The volume is sitting at around 30M, which isn't exactly showing a huge surge of buyers stepping in to save the day just yet.
I'm watching for a bounce here, but the order book is actually showing more bid interest at 65% compared to the asks. That usually means people are trying to catch it, but whether they succeed or get run over is the real question.
Stay safe out there.

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