Zcash holds $1,200 as sell signal appears after 50% rally
Zcash (ZEC)
Editor:
Eugene Serbin
bitcoinethereumnews.com reports Zcash traded near $1,216 on September 10 following a seven-day rally exceeding 50%. The token opened at $1,244.18 and dipped 2.26% to a low of $1,204.93 before recovering slightly. This surge pushed ZEC above $1,000 for the first time in years, driven largely by $34.5 million in short liquidations.
Technical indicators show the price trading far above its 20-day moving average of $942.96 and its 200-day average of $468.71. The daily RSI stood at 75.72, signaling overbought conditions that may require consolidation. On the 4-hour chart, ZEC tested the middle Bollinger Band at $1,196.28, with support near $1,190–$1,200.
Analyst Ali Martinez noted a TD Sequential sell signal on the three-day chart, comparing it to a May 19 setup that preceded a 64% correction. Despite the caution, Altcoin Sherpa maintained a bullish view, suggesting ZEC should base out in the $1,000–$1,100 region rather than seek an exact bottom.
How the market reacted
Whalio's own Binance spot order flow for ZEC, measured when this story was written up on 10 September 2026. Not the outlet's figures.
Zcash is currently trading at $1,244.28 with a 1-hour buy ratio of 51.9%, indicating immediate buying pressure. This contrasts with the 4-hour buy ratio of 46.3%, suggesting that short-term momentum is fading compared to the broader daily trend. The 24-hour buy ratio stands at 52.8%, showing that buyers have maintained a slight edge over the full day. Volume delta data reveals a positive flow of +$144,680 in the last hour, while the 4-hour delta shows a net outflow of -$5,234,788. This divergence suggests that while immediate buying exists, larger timeframes are seeing net selling. The 24-hour volume delta remains positive at +$18,682,186, confirming that net buying has dominated the day despite intraday fluctuations.
The latest daily buy ratio of 52.9% sits at the 82nd percentile of the last 322 days, against a median of 50.2% - stronger buying than most days.
Was that an ordinary day?
The same Binance spot measurements for ZEC, averaged over the days leading up to the story.
Over the preceding week, Zcash experienced a 52.6% price increase with a total volume delta of +$32,700,707. Today's 24-hour volume of $333,295,724 is 1.39 times the weekly average, indicating an unusually high level of activity. The current day's buy ratio of 52.8% is 2.7 points higher than the 7-day average of 50.2%. This suggests that buying interest has intensified relative to the recent weekly norm. Only 4 of the past 7 days saw net buying, making today's sustained positive delta notable against a mixed weekly backdrop.