$ZEN
4-Hour Analysis for ZEN/USDT š
Trend Analysis š
ā¢The chart shows a significant breakout after a period of consolidation.
ā¢ZEN surged from around $6.90 to $30.09, representing a parabolic move.
Volume Analysis š
ā¢High trading volume indicates strong buying pressure during the breakout.
ā¢This surge could suggest institutional interest or major news.
Support & Resistance Levels š
ā¢Immediate Support: Around $22.75 (previous breakout level).
ā¢Immediate Resistance: At $30.09 (local high).
Indicators Suggestion š ļø
ā¢RSI: Likely overbought; potential correction or consolidation might occur.
ā¢MACD: Bullish crossover likely, confirming strong upward momentum.
Prediction šÆ
ā¢Bullish Case: If ZEN breaks and holds above $30.09, the next potential target could be around $35ā$40.
ā¢Bearish Case: A pullback to $22.75 support level could occur before another upward leg.
Key Watch:
Monitor volume and RSI to gauge momentum. Corrections are healthy after such strong moves!
