$ZEN
ZEN has decreased by 6.45% in the last 24 hours, with a downward trend in price.The current price is $34.91, closer to the 24h Low of $33.52.The Moving Averages (MA) indicate a downward trend, with MA(7) below MA(25) and MA(99).
Support & Resistance Levels:
Support: Immediate support is around $34.80, with larger buy orders seen around this level.Resistance: The first resistance lies near $35.08, followed by $35.12. If the price can breach these levels, it could reverse the bearish trend.
Volume Insights:
With a 24h volume of 188.11K ZEN and $4.77M USDT traded, market activity remains moderate but indicates a lack of buying pressure to push prices up significantly.
Potential Strategy:
For Buyers:
Entry Point: Consider buying near $34.80 for a potential bounce back towards $35.08 or higher.Stop-Loss: Set a stop-loss near $33.52 to limit potential losses if the price continues to fall.
For Sellers:
If holding ZEN, you could sell near $35.08 or $35.12 where resistance is encountered.Stop-Loss: Set a stop-loss near $34.80 if the price starts falling back down.