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Zcash faces volatility with $6.49M short bet amid bullish momentum above $1.2K

Technical Signals
10 Sep 2026
AMBCrypto
View Source
Neutral
Zcash faces volatility with $6.49M short bet amid bullish momentum above $1.2K

Zcash has been trading within an upward channel since mid-August, recently hitting a high of $1296 before retracing to around $1224. Despite holding above $1.2K, a trader placed a significant $6.49 million 3x short bet, signaling bearish expectations amid strong market volatility and over $13 million in liquidations. However, positive momentum indicators and ongoing futures inflows suggest the uptrend may continue, potentially pushing Zcash to retest $1296 and surpass $1.3K. If support at $1.2K fails, a drop to $1023 could follow.

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