$ZEN Technical Analysis 🚀
Current Price: $15.91
ZEN/USDT is at a key level, showing potential for significant price movement. Support at $15.50 is holding strong, offering buyers a chance to defend the current range. On the upside, resistance at $16.50 is the key level bulls need to break for a confirmed breakout.
🔑 Key Levels to Watch:
Support: $15.50 (A breakdown below this could lead to a decline toward $15.00).
Resistance: $16.50 (A breakout above this could push ZEN to $17.20–$18.00).
📈 Entry Strategy:
Bullish Scenario: A breakout above $16.50 with strong volume could drive the price toward $17.20 and potentially $18.00.
Bearish Scenario: Failure to hold support at $15.50 could lead to a pullback toward $15.00.
🔍 Technical Indicators:
RSI is slightly bullish, indicating growing upward momentum. Watch for volume increases near resistance to confirm a potential breakout.
⚠️ Outlook: ZEN/USDT is at a critical juncture. A move above $16.50 could trigger further gains, while failing to hold $15.50 might signal weakness. Monitor these key levels closely! 📈