Zcash whales boost holdings after 42% drop as ZEC repeatedly defends $320 support

Zcash's price decline of about 42% over the past two weeks has slowed as large holders increased their ZEC balances and derivatives traders leaned long. ZEC recently traded near $351 while defending the $320 support zone for the fourth time, with on-chain and technical signals pointing to a potential bullish reversal if this level continues to hold.