ZEC has dropped close to 6% over the last seven days following a large advance that took the coin to its highest point in ten years. The trading activity remains strong, with roughly $1.4 billion changing hands daily, representing more than 7% of the currency’s total supply available for trade.
Sell Wall at $1,300
As U.S. macroeconomic conditions deteriorated, the price ran into a firm selling barrier at $1,300. A steady inflation reading on Friday sparked a brief uptick across crypto assets, though that upward momentum soon dissipated.
The chances of an increase at the upcoming Federal Open Market Committee gathering now stand close to 90%.
FOMC Meeting and Kevin Warsh
On September 16, the Federal Open Market Committee (FOMC) is set to gather, and the remarks of the new chairman, Kevin Warsh, will draw close attention from those tracking how the central bank intends to rein in rising prices.
The Interest Rate Split
The indicator has come close to doubling the Fed’s 2% target, which has caused worry among Governors. At the same time, the White House is pressing for a reduction in interest rates, a move that could push inflation upward in the near term.
Zcash’s Privacy Feature
This year, Zcash has pulled ahead of most of its competitors with a 112% gain in 2026, thanks to its privacy feature and a clear use case that appear to be attracting significant investor attention.
The Exploit and Ironwood
A recent audit revealed an exploit on the Zcash blockchain, which gave those who knew about it the ability to mint an unlimited number of ZEC tokens, causing turmoil for the network.
The Zcash community acted fast and set up a new vault named Ironwood, which helped build confidence in both the privacy-focused blockchain itself and the people working to develop it further’s supporting code. Millions of ZEC tokens have already been migrated from its predecessor vault, Orchard, reflecting the users’.
On-Chain Data From ZecHub
ZecHub’s on-chain data shows shielded transactions have reached their highest point in almost two years, making up 56% of all transactions inside this blockchain. That signals heavy use and solid adoption of the network’s main privacy feature.
Bearish RSI Divergence
On the daily chart, the Relative Strength Index (RSI) is already showing a bearish divergence, which indicates that positive momentum is losing strength.
A technical signal emerges when an asset’s price moves upward, yet the RSI fails to match its previous peak. This phenomenon is frequent during the later stages of a bull run and usually forecasts a substantial reversal.
The Forecast
A fall toward $850 appears likely before Zcash moves back up toward $2,500, according to the pattern being tracked.
The Risk
Zcash’s price gains for the year could be rolled back if it falls back to the level at $850. The technical outlook currently shows little strength, and the forecast depends on a signal that stands alone without any further backing.
| Date | Event |
|---|---|
| Friday | Stable inflation print |
| September 16 | FOMC meeting |
| Comparison | Zcash vs. Peers |
|---|---|
| 2026 gain | 112% (Zcash) |
| 112% gain in 2026 | Outpaces most peers |
| Circulating market cap | Over 7% of trading volumes |
Zcash’s privacy feature and its Ironwood vault have kept it ahead of its peers. The on-chain data shows strong adoption of the network’s core privacy feature. But the technical picture is not bullish, and the forecast rests on a signal with no additional support.
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