Zcash price holds above $1,200 as sell signal appears

Zcash price traded near $1,216 on Sep. 10 after a seven-day rally of more than 50%, but overbought momentum, a three-day sell signal and nearby liquidation clusters raised the risk of a pullback. Summary Zcash price advanced from about $814 to a multi-year high near $1,257 during the seven-day period. Daily RSI reached 75.72, keeping ZEC in overbought territory after its rapid breakout. 4-hour Bollinger Bands place immediate support at $1,196 and resistance near $1,287. Analysts identified $1,000–$1,100 as a possible base if the rally enters a correction. Zcash price action today According to data from crypto.news, Zcash (ZEC) price was trading at $1,216.15 at the time of writing, down 2.26% for the session after opening at $1,244.18. The token traded between an intraday low of $1,204.93 and a high of $1,256.80. Despite the daily decline, ZEC remained one of the strongest large-cap crypto performers over the past week. Its price rose more than 50% from around $814 on Sep. 4 and briefly entered the $1,249–$1,257 area before buyers lost momentum. The breakout also placed Zcash above $1,000 for the first time in years. Price continued to hold more than $200 above the psychological lev...