$ZEN /USDT Price Analysis - Binance (December 22, 2024)

Current Price: $28.56 (+13.65%)

24h High: $32.05

24h Low: $24.47

24h Volume (ZEN): 3.94M

24h Volume (USDT): 109.48M

Technical Indicators:

15-Minute Depth: 30.78

1-Hour Depth: -30.20

MA (7): $28.55

MA (25): $28.94

MA (99): $29.84

Analysis:

Recent Price Movement: $ZEN /USDT has experienced a notable surge, gaining +13.65% in the last 24 hours. This momentum suggests strong bullish activity.

Resistance & Support Levels: The price has recently touched a high of $32.05, with support seen at $24.47. The current price is stabilizing around $28.56, near the 7-period moving average ($28.55), which is indicating short-term stability.

Moving Averages (MA): The 7-period MA ($28.55) is close to the price, suggesting that momentum is holding steady in the short term. The 25-period MA ($28.94) and 99-period MA ($29.84) are slightly higher, indicating potential resistance points as the price moves up. If the price surpasses $29.84, the next target could be the 24h high of $32.05.

Short-Term Outlook: If $ZEN

/USDT breaks above the $29.84 resistance, it could aim for the $32.05 level. However, should it retrace, the price may find support at $28.00 and potentially at $24.47.

Binance Target:

Bullish Target: $32.05 (24h High)

Bearish Support Level: $24.47 (24h Low)

Stay vigilant for market fluctuations, as volatility remains high, especially in the short term. Always consider your risk management strategy.#BTCNextMove #USUALAnalysis #CorePCESignalsShift #ElSalvadorBTCReserve #USJoblessClaimsFall