$ZEN
📊 ZEN/USDT Technical Analysis – Binance Update
Current Price: $15.39 (+4.69%)
24h High: $16.81 | 24h Low: $13.46
24h Volume (ZEN): 2.40M
24h Volume (USDT): $36.93M
Key Indicators
1. SAR (Stop and Reverse): Current SAR value is 15.00, suggesting bullish momentum as the price is above this level.
2. Bollinger Bands: Price is trending near the upper band, indicating strong upward movement but also nearing potential resistance.
3. MACD: A positive crossover reflects continued bullish sentiment.
Targets 🎯
1️⃣ Target 1: $15.75
Immediate resistance level close to the current price. A breakout here could confirm bullish continuation.
2️⃣ Target 2: $16.81
The 24h high and a key resistance level. Buyers may look to test this zone.
3️⃣ Target 3: $18.00
A psychological resistance level. Breaking this could signal a strong rally.
Trading Strategy
📈 Bullish Scenario: If the price holds above $15.00 (SAR), expect continued upside toward $15.75 and $16.81. Watch for increasing volume to confirm the breakout.
📉 Bearish Scenario: A rejection at $15.75 or a drop below $15.00 may push prices back toward $14.50 or the 24h low at $13.46.
💡 Risk Management: Set stop-loss orders near $14.80 to protect against downside risk.
Stay vigilant for real-time changes and trade wisely! 🚀
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