$ZEN ZEN/USDT – Market Update and Insights

Current Price: $29.92 (-15.53%)

24H Range: $28.27 – $35.97

Volume: 3.85M (ZEN) | 122.54M (USDT)

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📉 Bearish Momentum:

1. Steep Decline: ZEN dropped significantly from $42.22, breaking key support levels, and is now consolidating around $29.92.

2. MACD Divergence: Momentum indicators suggest selling pressure dominates, but slight leveling off hints at possible stabilization.

3. Support Zone: $28.27 appears to be a critical short-term support level to watch.

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🔍 Key Observations:

If ZEN breaks below $28.27, it could retest the $27.50 zone.

Bullish recovery possible above $32.69, targeting $37.80.

Trading volume remains consistent, reflecting active participation despite the drop.

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🛑 Action Plan:

Short-Term Traders: Look for opportunities near $28.27 support or wait for a breakout above $32.69.

Long-Term Investors: Monitor the consolidation phase for potential re-entry as the bearish phase cools off.

Stay cautious and ensure proper risk management.

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