🔥🔥🔥$ZEN /USDT Technical Analysis:

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Current Price: $42.31

24h High: $46.28

24h Low: $35.60

Trend Overview: The market shows a bullish momentum with a solid +11.58% price increase in the last 24 hours. A recent dip to the low of $35.60 and a recovery to current levels shows that buyers are actively defending the support zone.

Key Levels:

Support Zone: $35.60

Resistance Zone: $46.28

Momentum Indicators:

RSI (Relative Strength Index): Currently hovering around 65, suggesting that ZEN is nearing the overbought zone. A potential pullback could happen if RSI crosses above 70.

MACD (Moving Average Convergence Divergence): Shows a bullish crossover, confirming the upward momentum.

EMA (Exponential Moving Average): The price is above the 20-day and 50-day EMAs, indicating a strong bullish trend.

Trade Signal:

Entry Point: $42.20 - $42.50 (Current Price Zone)

Stop Loss: $40.00 (below the support zone, safeguarding against downside risks)

Target Levels (T1, T2, T3):

T1 (First Target): $46.00 (testing previous resistance)

T2 (Second Target): $48.50 (next resistance level)

T3 (Third Target): $52.00 (long-term bullish breakout

Trade Momentum:

The trade momentum remains bullish with the potential for further upside as long as the price remains above the support at $35.60. If the price continues to break through key resistance levels ($46.00 and $48.50), we could see more aggressive upward movement.

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