$ZEN /USDT: Eyeing a Recovery Amidst High Volatility

Current Price: $38.92 (-9.78%)

24H High/Low: $43.28 / $33.52

24H Volume: 5.54M $ZEN

Price Targets:

1. Immediate Target: $40.50

2. Mid-Term Target: $42.00

3. Breakout Target: $44.00

Analysis:

Support Zone: Strong buying interest seen near $36.50, indicating a potential rebound.

Resistance Levels: Short-term resistance is expected around $40.50, with the next levels at $42.00 and $44.00 for a potential breakout.

Trend: $ZEN is recovering from its intraday lows, supported by increased trading volume, signaling bullish momentum.

Strategy:

Entry Point: Accumulate near $38.00 with a stop-loss at $36.00.

Profit Booking: Short-term traders can target $40.50 and $42.00, while long-term investors can hold for $44.00 and beyond.

Market Insight:

ZEN/USDT shows signs of stabilization, but traders should remain cautious due to market volatility. Monitor key levels closely for confirmation of bullish trends.

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