š $ZEN /USDT Technical Analysis š
Current Price: $29.45 (+14.32% in 24h)
Timeframe: 30m Chart on Binance
$ZEN has experienced a strong bullish rally, reaching its 24h high of $32.05 before consolidating near $29.45. With significant gains and volume, the token shows potential for further movement.
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Key Levels and Targets
1ļøā£ Immediate Resistance: $30.50
A breakout above this level could confirm short-term bullish momentum.
2ļøā£ Next Target Zone: $32.00
The 24h high; a significant resistance zone to watch for a potential breakout.
3ļøā£ Long-term Target: $35.00
A psychological and technical milestone that aligns with the broader trend.
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Trading Strategy
Short-term traders: Look for a breakout above $30.50 to aim for $32.00.
Long-term investors: Hold positions for sustained momentum toward $35.00, adjusting stop-loss levels.
š Support Levels:
Strong support is seen at $28.00, with a deeper support level at $25.50.
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Recommendation
Monitor volume and price action near resistance levels. Secure partial profits as targets are achieved and protect downside risks with updated stop-loss levels.