đ Technical Analysis Report for #ZENUSDT đ
As we close the year, Horizen ($ZEN ) is on a remarkable upward trajectory, gaining an impressive 66.09% in recent days! Letâs dive into the key technical indicators and price action that are driving the bullish sentiment in this market.
đ $ZEN Technical Analysis Summary đ
Current Price: $25.96 USD
Recent High: $26.00 USD
Support: $15.55 USD
Resistance: $26.00 USD
Key Insights:
Bullish Momentum: Strong buy signals from moving averages and oscillators, indicating continued upward movement.
RSI & Momentum: The market shows strong bullish momentum but nearing overbought levelsâwatch for pullbacks.
Key Levels: Support at $15.55 and resistance around $26.00.
Trading Strategy:
Intraday Traders: Look for breakouts above $26.00 or pullbacks to $21.27 for entry.
Long-Term Holders: Consider buying on dips around $21.27-$23.00.
Conclusion:
$ZEN /USDT is on an uptrend, but caution is needed due to overbought conditions. Look for breakout or retracement opportunities for entry.
đĄ Trade wisely and manage your risk!
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