ZEC Token Slides 2.4% on Binance as India’s Ban Fuels Bearish Momentum and High Volume

ZECUSDT experienced a 2.40% price decline over the past 24 hours, trading at 353.15 on Binance, with this movement largely attributed to increased bearish sentiment following India’s regulatory ban on privacy coins and persistent sell-side pressure reflected in technical analyses. Heightened trading volume, recorded between $479 million and $531 million, indicates intensified market activity as ZECUSDT consolidated near its short-term MA7 support level; ongoing regulatory scrutiny and broader market uncertainty remain key factors influencing volatility and sentiment. The asset’s circulating supply is 16,498,831 coins, with a market cap around $5.7 billion, and analysts are monitoring support levels and bearish patterns for potential further downside.