$ZEN
Primary Support: $31.20 (24h low)Secondary Support: $31.50 (a recent consolidation level).
Immediate Resistance: $31.94 (recent high).Strong Resistance: $39.50 (24h high).
Volume (ZEN): 8,809KVolume (USDT): $280,179K
Trading volume is high, indicating active participation in the market and significant liquidity.
Trading Strategy:
Entry Point: If the price breaks above $31.94, it could signal an upward move towards $39.50 (24h high).Take Profit: $39.50 (24h high).Stop Loss: $31.20 (24h low).
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Entry Point: A break below $31.20 could signal a move downward.Take Profit: $31.00 (next potential support).Stop Loss: $31.94 (resistance level).
ZEN/USDT has seen a significant -13.61% decrease in the last 24 hours, with the price trading below all key moving averages, indicating a strong bearish market sentiment.