$ZEN (Horizen) Price Analysis for December 29

ZEN has surged +10.93%, currently trading at $32.47, reflecting growing investor interest and strong upward momentum in the market.

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Market Overview

Market Cap: $512.25M

Fully Diluted Market Cap: $681.73M

Market Dominance: 0.0154%

Volume: $188.73M (Vol/Market Cap: 36.84%)

Circulating Supply: 15.78M ZEN

Total Supply: 15.78M ZEN

Max Supply: 21M ZEN

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Historical Context

Issue Date: May 23, 2017

All-Time High: $168.1542 (May 8, 2021)

All-Time Low: $3.0924 (March 2018)

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Technical Analysis

ZEN's +10.93% rise in the last 24 hours demonstrates solid demand and market activity. With a volume of $188.73M, the 36.84% Vol/Market Cap ratio signals strong investor engagement. The circulating supply of 15.78M ZEN leaves room for further price movements, provided bullish sentiment continues.

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Key Levels to Watch

Resistance Level: Around $35

Support Level: Around $30

Potential for Upside: If the current momentum holds, ZEN may test the $35 resistance level and potentially aim higher.

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Given the volume and price action, ZEN could continue to rise if the market remains bullish.