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Zcash price drops 16% triggering $28M liquidations, mostly from long positions

Technical Signals
11 Sep 2026
Blockonomi
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Bearish
Zcash price drops 16% triggering $28M liquidations, mostly from long positions

Zcash (ZEC) fell about 16% after rallying above $1,200, causing $28.37 million in liquidations over 24 hours, mainly from long traders losing $23.75 million. Despite the drop, ZEC remains above key daily moving averages, with support watched around $1,050 to $1,100. The RSI momentum cooled to 64, indicating weaker buying strength after heavy profit-taking and forced selling. Traders are closely monitoring if ZEC can stabilize and hold support to potentially resume gains or face further declines toward the 20-day average near $910.

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