$ZEN
4hr time frame analysis š
š Price Surge
ZEN/USDT has experienced a massive increase in value, reaching $37.65 (+18.99%) in the last 24 hours. This is a strong bullish momentum, as evidenced by the steady upward trend over the past month.
š Key Levels
ā¢24h High: $39.78
ā¢24h Low: $29.95
ā¢Support Zone: Around $29.37 (previous resistance turned support).
ā¢Resistance Zone: $39.78 (recent peak).
š Volume Spike
ā¢Volume (ZEN): 4.38M
ā¢Volume (USDT): $152.53M
High trading volumes indicate strong investor interest and confirmation of the price trend.
š Trend Analysis
The chart shows a clear breakout from consolidation, with the price accelerating significantly. The strong upward movement suggests growing demand and potential institutional activity.
š RSI Alert
If the RSI indicator (not visible here) is nearing overbought levels, there may be a pullback or consolidation soon. Watch for corrections around $35-$37.
ā” Next Steps
1.For Holders: Consider trailing stop losses to lock profits.
2.For Buyers: Wait for a pullback to key support levels around $29-$31.
3.For Scalpers: Use lower timeframes to capitalize on volatility between $35-$40.
