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$ZEN Price Analysis: Explosive Surge to New Highs
$ZEN is currently trading at $22.23, reflecting a massive 43.05% gain in the past 24 hours. After rebounding from a low of $14.55, the price has skyrocketed, breaking significant resistance levels and showing strong bullish momentum.
Key Levels to Watch:
Support: $21.00 – Maintaining above this level is crucial for continued upside momentum.
Resistance: $22.55 – A breakout here could further accelerate the rally.
Trade Setup:
Entry Point: Around $22.00 for continuation of the bullish trend.
Targets:
1. $23.50
2. $25.00
Risk Management:
Stop-loss: $20.50 to protect against potential pullbacks.
Market Insight:
$ZEN’s sharp rally is supported by increasing trading volumes and robust market sentiment. A successful break above $22.55 could lead to further upward momentum, targeting higher levels in the short term. Traders should watch for confirmation of the breakout to seize the opportunity.
