Zcash (ZEC) fell to about $243 — a three-month low — after an almost 40% weekly drop and a 53% decline over the past month (roughly 65% from its November high near $699). The sell-off followed broader crypto risk-off (Bitcoin pullback and ~ $1.6B in liquidations), the mass resignation of Electric Coin Company’s core development team, and intensified regulatory pressure including a Dubai DIFC ban on ZEC. Technicals show ZEC below the 200-day SMA with a bearish MACD and a key trendline break, putting the token at risk of testing the $200 psychological support level.

Price dropped to ~$243 (three-month low) after ~40% weekly and 53% monthly declines; market drivers cited are Bitcoin pullback and ~$1.6B liquidations, mass resignation of Electric Coin Company’s core dev team, and a DIFC ban on ZEC. Technicals: trading below 200-day SMA, bearish MACD and trendline breakdown, which increases likelihood of a move toward $200 support — all facts taken from the summary.