Zcash price holds pennant breakout as bulls target $1,500

Zcash price traded near $1,150 on Sep. 8 after a sharp six-day rally carried ZEC from about $814 to a multi-year high of $1,249, with derivatives liquidations and a major technical breakout supporting the move. Summary Zcash price gained more than 53% between its Sep. 3 level and the Sep. 6 peak. ZEC remains above the 4-hour Supertrend support at $1,076 despite profit-taking. The daily MACD remains bullish, while key moving averages sit far below the current price. Liquidation clusters near $1,180 and $1,200 could shape the next short-term move. Zcash price consolidates after reaching $1,249 According to data from crypto.news, Zcash (ZEC) price was trading at $1,150.62 at the time of the daily chart snapshot, up 0.92% during the session. ZEC opened at $1,140.26 and moved between an intraday low of $1,113.66 and a high of $1,174.03. The token remains about 8% below the $1,249.28 peak recorded on Sep. 6. However, the pullback has not erased much of the rally that began near $813.95 on Sep. 3. Based on those levels, ZEC gained more than 53% at its peak and was still up about 41% by Sep. 8. Price action on the 4-hour chart shows ZEC consolidating between approximately $1,110 and $1,170...