#ZROUSDT🎯🎯 Faces Key Resistance: Breakout or Rejection Ahead? $ZRO
The ZRO/USDT pair is currently trading at $3.615, slightly down by 0.11% in the last session. The price is facing resistance around the 200-period moving average (SMA) at $3.42, suggesting a potential challenge in overcoming this level. The RSI is at 68.39, indicating the market is approaching overbought conditions, while the MACD histogram shows slight bullish momentum.
Bullish Scenario:
If ZRO/USDT can break and sustain above the $3.42 level (200-period SMA), it could signal a continuation of the bullish trend. Traders may target higher resistance levels around $3.80 and $4.00 as potential upside targets.
Bearish Scenario:
Conversely, if the price fails to break the 200-period SMA and faces rejection, this could lead to a pullback towards the support level around $3.20. A further decline might target $3.00 as the next significant support level.
Disclaimer:
This analysis is for educational purposes only and should not be taken as financial advice. Always perform your own research before making any investment decisions.
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