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Zen (ZEN/USDT) Technical Analysis: A Strong Support at $38 – What’s Next for Investors?

Zen (ZEN) is currently trading at a crucial price point of $38 against USDT, and the charts reveal interesting possibilities for traders. The price has found solid support at $38, signaling potential for a rebound or consolidation. If the price holds above this level, it may serve as a springboard for an upward movement, targeting the next resistance level around $45.

With $38 acting as a strong support base, any break below this level could see the price retesting lower levels, so vigilance is key. On the upside, $45 serves as the immediate resistance, a level to watch for potential breakout opportunities.

Entry Strategy: Consider entering a long position if Zen sustains above $38, with a target towards $45. For more conservative traders, waiting for confirmation of a breakout above $40 could offer a safer entry. Always manage risk by setting stop-loss orders below the support level to protect against unexpected market moves.

Zen’s future looks promising, especially with its privacy-focused technology gaining traction. If the market sentiment remains strong, $38 could prove to be the perfect entry point for potential upside gains!

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