$ZEN /USDT CONSOLIDATING: Is a Breakout Above $15 Imminent?
$ZEN is currently trading at $14.67 on the 15-minute chart, showing signs of stabilization after recovering from a low of $14.02. The price is consolidating near the critical resistance at $14.99, with a recent rejection from the high of $15.44. Immediate support lies at $14.47, where buyers have defended the level multiple times, indicating a strong base for the next move.
The RSI at 50.2 signals neutral momentum, while the MACD remains flat, suggesting a balanced market awaiting a breakout. Traders looking for upside potential can consider a long entry near $14.65, with a stop-loss at $14.47 to protect against a breakdown. On the flip side, if ZEN fails to hold above support, a short entry below $14.47 with a stop-loss at $14.65 could target further declines.
The market’s tight consolidation hints at a brewing move. Keep a close watch on the $15.00 level—any decisive breakout here could trigger a strong upward rally.
