Technical Analysis: $ZEN 🤑💰🔥💯

/USDT - Potential Bounce and Key Levels to Watch

The ZEN/USDT pair has experienced notable volatility, with the price currently at $25.02, reflecting a -13.43% drop over the last 24 hours. However, recent price action suggests potential opportunities for traders who are closely monitoring key levels.

Key Levels:

Support Zone: The current price sits near the 24h Low of $24.87. If this support holds, we could see a potential bounce toward the 24h High at $29.68.

Resistance Zone: Watch the $29.50 - $30.00 range for resistance. If the price breaks above this level, a continuation toward higher targets could be expected.

Recent Price Movement:

Hourly Performance: The ZEN/USDT pair saw a minor uptick of +0.05 (0.20%) in the past hour, indicating some signs of consolidation.

24h Trading Volume (ZEN): 1.45M ZEN, which could indicate moderate interest but also suggests caution with volatility.

Market Sentiment: A downward trend in the last 24 hours, but price stability at current levels could suggest a potential setup for upward movement if market conditions align.

Moving Forward: Traders should keep an eye on both the support and resistance levels for potential breakouts. The market remains volatile, so a close watch on the next 1-4 hour candles will be essential to gauge if ZEN can reverse the current downtrend or continue its consolidation phase.

Let me know if you'd like further adjustments or additional details!