ZEN/USDT Technical Analysis & Trade Signal
Current Price: $14.80
24h High: $15.62 | 24h Low: $13.46
Price Change: -1.53%
Key Technical Indicators:
SAR (Stop and Reverse): $13.89 (Potential support level)
Market Depth: 15.73 (Moderate liquidity)
Price Trend: The price is experiencing a slight downtrend from the 24-hour high. There is potential support near $13.46 and $13.89 levels.
Trade Signal:
Buy Signal: If the price holds above $14.80 with strong momentum, consider a buy entry.
Sell Signal: Consider a sell signal if the price breaks below $14.00 with increasing selling pressure.
Target Levels 🎯:
1. Target 1 (Bullish): $15.00 - If the price breaks above $14.94 and continues upward.
2. Target 2 (Moderate Bullish): $15.30 - A more conservative target for a continuation toward the recent high.
3. Target 3 (Bearish Reversal): $13.35 - If the price fails to hold above $14.00 and drops further.
Trade Momentum:
Bullish Momentum: If price continues above $14.80 and reaches near $15.00, the momentum remains bullish with potential to retest the 24-hour high.
Bearish Momentum: If price breaks below $14.00 and tests $13.46 or $13.35, bearish pressure may intensify.
Keep an eye on the volume and momentum to determine whether the trend will continue or reverse.