$ZEN

ZEN/USDT Daily Price Analysis and Bullish/Bearish Direction Prediction

Market Analysis

The current price of ZEN is $28.92, down 4.40% for the day. From recent trends, ZEN showed significant increases after a breakout, but has currently retraced from the high of $32.05, indicating a slight weakening of bullish momentum. The short-term moving average (MA7 $22.10) still supports price movement, but caution is needed for potential pullback risks. The MACD indicator is above the zero line, showing that the bullish trend has not completely ended.

Key Levels

• Support Levels: $25.53, $22.10

• Resistance Levels: $32.05, $33.31

Bullish/Bearish Direction Prediction

Currently, ZEN is in a short-term adjustment. If the price breaks below the support level of $25.53, it may pull back to around $22.10 to look for support; if it can regain stability above $30.00, it may continue to test the resistance zones of $32.05 and $33.31.

Trading Suggestions

1. Long Position Strategy:

• Entry: Enter after support stabilizes near $25.50

• Take Profit: $30.00, $32.05

• Stop Loss: $24.50

2. Short Position Strategy:

• Entry: Enter after facing resistance in the $30.00-$32.00 range

• Take Profit: $25.50, $22.10

• Stop Loss: $32.50

Summary

The current trend of ZEN is primarily adjusting, and it is crucial to observe whether the price can hold the key support levels. If it breaks through $32.05, a new round of increases may follow, but at this stage, cautious trading is recommended while waiting for further signal confirmation.