The recent rebound of ZEC has been clearly suppressed. From the market perspective, buying momentum is severely lacking, while selling pressure remains quite heavy. The result is that the daily chart continues to decline, with both highs and lows gradually moving downward. The key level is the 421 threshold—if it doesn't break above it, the downtrend is essentially confirmed.

From an operational standpoint, you can consider short positions in the 415 to 425 range. Place stop-loss orders above 421. The target levels below are around 380 and 360, where some support should be found.

$ZEC's current trend definitely warrants attention. Considering the current market environment and the performance of other cryptocurrencies, there is still a short-term risk of further decline.