🚀 Technical Analysis Report for #ZENUSDT 🚀

As we close the year, Horizen ($ZEN ) is on a remarkable upward trajectory, gaining an impressive 66.09% in recent days! Let’s dive into the key technical indicators and price action that are driving the bullish sentiment in this market.

🚀 $ZEN Technical Analysis Summary 🚀

Current Price: $25.96 USD

Recent High: $26.00 USD

Support: $15.55 USD

Resistance: $26.00 USD

Key Insights:

Bullish Momentum: Strong buy signals from moving averages and oscillators, indicating continued upward movement.

RSI & Momentum: The market shows strong bullish momentum but nearing overbought levels—watch for pullbacks.

Key Levels: Support at $15.55 and resistance around $26.00.

Trading Strategy:

Intraday Traders: Look for breakouts above $26.00 or pullbacks to $21.27 for entry.

Long-Term Holders: Consider buying on dips around $21.27-$23.00.

Conclusion:

$ZEN /USDT is on an uptrend, but caution is needed due to overbought conditions. Look for breakout or retracement opportunities for entry.

💡 Trade wisely and manage your risk!

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