$ZEN
This analysis reflects a highly active and promising trading environment for ZEN/USDT with substantial upward potential.
The ZEN/USDT pair has shown remarkable growth with a +60.38% increase, indicating strong bullish momentum. Here's a breakdown of the key points
Volume Analysis
24-Hour Volume (ZEN): 6.58M
24-Hour Volume (USDT): $124.58M
This reflects a strong trading interest and liquidity, which are critical for sustaining momentum.
Indicators
MACD: Positive (+1.58), indicating a continued bullish trend.
DIF/DEA: DIF (2.43) and DEA (0.86) signal a significant divergence, confirming buying strength.
Support & Resistance:
Support: Around $20.55, where the price previously consolidated.
Resistance: Near $27.40, the intraday high, which may act as a profit-taking level.
Short-Term:
Consider taking profits around the $27.40 resistance level if you're already holding positions.
A pullback to $20-$22 could provide a re-entry opportunity for further upside.
2. Long-Term:
If bullish sentiment continues and it breaks $27.40, it may target higher levels like $30+