$ZEN
Immediate Support: $30.80 (24h low)Strong Support: $30.00
Resistance Levels:
Immediate Resistance: $31.15 (Current price resistance)Strong Resistance: $32.60 (5-day moving average)
Vol (ZEN): 3.981KVol (USDT): $123.541K
The significant volume in USDT suggests active trading, though the sharp drop in ZEN's price points to a potential bearish trend.
Entry Point: If ZEN breaks below $30.80, it could target $30.00.Take Profit: $30.00.Stop Loss: $31.15.
Bullish Scenario:
Entry Point: A breakout above $31.15 could target $32.60.Take Profit: $32.60.Stop Loss: $30.80.
ZEN/USDT shows a bearish trend, with a significant price drop over the last 24 hours. The price is trading below both short and long-term moving averages, indicating a lack of upward momentum. However, the volatility and the active volume suggest potential for short-term price movements.
