Zcash (ZEC) rallies to $414 as crypto market rises; key supports $371 and $320

Zcash (ZEC) rose 3.34% in the past 24 hours to $389.24. Hourly resistance is around $400.60; failure to close above could lead to a retest of support. Nearest critical level on higher timeframes is $371.25 — a breakout below that could push ZEC toward the $320 zone over the coming week. The weekly chart bounced at $371.25 but a weekly close near that level may lead traders to expect a test of the ~$300 range. CoinMarketCap recorded a bullish final day for the crypto market.
AI Analysis
Price has moved up 3.34% to $389.24 but faces immediate resistance at $400.60; the summary identifies critical support at $371.25 and a potential decline to ~$320 (and ~$300 on a weak weekly close). These concrete technical levels and the stated downside scenarios support a slightly bearish sentiment and a low-to-moderate short-term trading impact.