Zcash (ZEC) has now stabilized near the $200 support area after experiencing a sustained decline.Buyers held the price on several occasions and pushed the price back up 13% towards the $250 resistance.Momentum indicators show gradual improvement in price, with the Relative Strength Index (RSI) at 55 and the Moving Average Convergence/Divergence indicator (MACD) also approaching a golden cross.The U.S. Securities and Exchange Commission (SEC) recently concluded its investigation into Zcash, boosting market sentiment.A sustained move above $240 could accelerate the move towards the $250-$268 range, while a break below $232 could lead to a retest of support near $215.