ZEN/USDT Surges Ahead: Is This the Start of a Power-Packed Rally?
The $ZEN
/USDT pair has made an impressive leap, trading at $16.31 after a 12.33% gain in the past 24 hours. The price has climbed from a low of $13.46 to a 24-hour high of $16.37, showcasing robust bullish momentum. With the RSI at 82.23, the pair is entering overbought territory, indicating strong buying pressure but also signaling potential consolidation or pullbacks ahead.
The MACD indicator confirms the bullish trend, while the $16.37 level acts as immediate resistance. A breakout above this resistance could see ZEN testing higher targets around $17.00 or beyond. On the downside, support at $15.69 is critical for maintaining the current bullish structure, with a break below potentially triggering a retracement toward $15.00.
With significant volume and momentum in play, traders should stay alert for any breakout or rejection at these levels. Will ZEN continue its upward journey, or is a pullback imminent? The market is poised for action, and risk management is essential in this high-volatility phase.