$ZEN /USDT Technical Analysis đŻ
Current Market Status:
Price: $27.42 (+2.70%)
24h High: $28.70
24h Low: $24.25
Volume: 92.25M USDT
Key Levels to Watch:
1ïžâŁ Target 1: $28.80
A breakout above the 24h high of $28.70 can confirm bullish momentum.
RSI is approaching the overbought zone, indicating potential resistance near this level.
2ïžâŁ Target 2: $30.50
If $28.80 is breached with strong volume, $30.50 becomes the next significant resistance level.
MACD shows signs of a bullish crossover, supporting upward movement.
3ïžâŁ Target 3: $33.00
A sustained rally could push ZEN to $33.00, marking a major psychological and technical resistance.
Support Levels:
$25.50: Immediate support if price retraces.
$24.25: Strong base for accumulation.
Trading Strategy:
Short-term Traders: Watch for a breakout above $28.80 to enter.
Long-term Holders: Accumulation near $24.25-$25.50 could offer a favorable risk-reward ratio.
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