🚀$ZEN ZEN/USDT Soars by 31.84%: Can It Sustain Momentum Beyond $38.60?

📈 Current Price: $36.40 (+31.84%)

🔺 Resistance Levels: $38.60 and $40.00

🔻 Support Levels: $34.56 and $29.88

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Market Highlights

ZEN has been on fire, delivering a massive 31.84% gain in the last 24 hours. The price reached a daily high of $38.60, marking a new wave of bullish momentum. As the market eyes the $40 psychological level, traders are keen to see if ZEN can sustain this explosive move.

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Key Indicators to Watch

1️⃣ Volume Surge:

Trading activity remains elevated, supporting the ongoing rally.

2️⃣ RSI Signal:

RSI is entering overbought territory, indicating the possibility of short-term consolidation.

3️⃣ Support Strength:

The immediate support at $34.56 is critical to maintaining the bullish trend, with the next level at $29.88 providing additional support.

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Scenarios to Watch

Bullish Case:

If ZEN breaks past $38.60, it could quickly test the $40 level and aim for $42 in an extended rally.

Bearish Risks:

Failure to hold above $34.56 could lead to a retracement toward $29.88, where buyers might re-enter.

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Trading Strategy

✅ For Bulls:

Look for a breakout above $38.60 with strong volume confirmation.

Targets: $40.00 and $42.00.

✅ For Bears:

Consider short positions if ZEN drops below $34.56, with targets at $29.88 or lower.

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Final Thoughts

ZEN’s explosive rally has turned heads, but the next move depends on its ability to overcome key resistance levels. Monitor volume and RSI closely for clues on whether the trend will continue or consolidate.

Will ZEN break through $40, or will it pause for breath? Let us know your strategy!

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