🚀 $ZEN /USDT Technical Analysis – December 20, 2024

Current Price: $16.29 (+12.89%)

24h High: $16.90 | 24h Low: $14.33

📊 Technical Outlook:

ZEN/USDT is showing strong bullish momentum, with a significant 12.89% increase in the last 24 hours. Key levels to watch:

🎯 Targets for ZEN/USDT:

1️⃣ Target 1 – $16.90

This is the recent 24-hour high, a critical resistance level. Breaking this point could signal stronger upward momentum.

2️⃣ Target 2 – $18.50

If $16.90 is breached, the next major resistance lies at $18.50, a level supported by historical data and Fibonacci retracement.

3️⃣ Target 3 – $20.00

Psychological resistance at $20.00 is a major milestone. Achieving this level would confirm a long-term bullish trend.

🛠 Key Support Levels:

$15.50: First line of defense in case of a pullback.

$14.33: The 24-hour low and critical support.

📈 Indicators:

RSI: Currently over 60, suggesting a bullish bias but approaching overbought territory.

MACD: Showing a bullish crossover, indicating positive momentum.

Volume: High trading volume ($43.84M) reinforces the bullish sentiment.

💡 Strategy for Traders:

Short-term: Monitor price action at $16.90 for breakout opportunities.

Mid-term: A successful breakout above $16.90 could lead to testing $18.50.

Long-term: Holding above $18.50 may drive ZEN to $20.00.

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