$ZEN /USDT Technical Analysis
Current Price: $31.62 (+4.36%)
24H Range: $27.35 - $34.00
Volume: 3.47M ZEN
Key Insights:
$ZEN /USDT is trading near $31.60, having shown strong bullish momentum with a breakout above $30.00.
Resistance at $34.00 remains a critical level for further upside movement.
🎯 Targets:
1. Target 1: $32.50
Rationale: Immediate resistance; achievable in the short term with sustained buying pressure.
Action: Secure partial profits at this level.
2. Target 2: $34.00
Rationale: 24H high and a significant resistance level.
Action: Hold positions above $32.50 for further gains.
3. Target 3: $36.00
Rationale: Key breakout level with potential for further bullish continuation.
Action: Full profit-taking recommended.
🔑 Strategy:
Stop Loss: Place below $30.00 to manage downside risk.
Indicators to Watch: Monitor RSI for overbought signals and volume for confirmation of a breakout above $34.00.