ZEC dips toward the 50-Day EMA as momentum softens

Key takeawaysZcash (ZEC) is trading above $500 but continues to face selling pressure beneath a descending resistance trendline.
The token remains above its 50-day EMA at $489 and 200-day EMA at $407, preserving its longer-term bullish structure.
Technical indicators show mixed signals, with the RSI near neutral and the MACD slipping below zero.Zcash (ZEC) extended its recent pullback on Thursday, trading above the $500 level as sellers continued to defend a key descending resistance trendline.