#zec ZEC coin, also known as Zcash, is currently trading at $397.61, with a market cap of $6.24 billion. The price has seen a 2.57% increase in the last 24 hours. This comes after a significant drop in price due to governance disputes and the resignation of the Electric Coin Company (ECC) development team.¹ ²

*Key Highlights:*

- *Price Movement:* ZEC is consolidating around $397, with resistance at $400.60 and support at $361.01

- *Market Sentiment:* Neutral, with a potential breakout move looming

- *Circulating Supply:* 16.48 million ZEC coins

- *Max Supply:* 21 million ZEC coins

The governance dispute has raised concerns about the future of Zcash's development and execution capabilities. However, the Zcash Foundation emphasizes that the protocol remains operational and decentralized.³

Would you like to know more about ZEC's technical indicators or its potential use cases? What are your thoughts on ZEC's future price movements?$ZEC

ZEC

362.51

-8.59%