$ZEN
EN Cooling Down After a Surge: Is a Rebound Near?
ZEN is trading at $17.80, reflecting a strong 16.19% gain in the last 24 hours. After reaching a high of $19.39, the price has retraced, finding support near $17.50. This correction phase could present an opportunity for traders as the price consolidates. The next resistance level to watch is $18.50, with support firmly holding at $17.00. A potential entry point around $17.70 offers a favorable risk-reward setup, with a stop-loss placed at $16.80 to manage downside risk.
Momentum indicators such as RSI suggest that selling pressure is easing, while the MACD hints at a possible recovery. Traders should monitor closely for signs of a rebound as ZEN stabilizes. This could be a prime moment to position for the next upward move.