#ZEN/USDT💥 $ZEN

ZEN/USDT Analysis on 3-Day Timeframe

The 3-day chart of ZEN/USDT shows various technical indicators. Here's a breakdown of the analysis:

#### Moving Averages

- The 7-period MA (yellow line) is at 11.35.

- The 25-period MA (pink line) is at 9.13.

- The 99-period MA (purple line) is at 9.79.

The price is currently below the 7-period moving average but above the 25-period and 99-period moving averages. This indicates a short-term bearish trend within a medium to long-term bullish context.

#### MACD

- DIF: 0.57

- DEA: 0.29

- MACD: 0.28

The MACD indicator shows a bullish crossover, as the DIF line (yellow) is above the DEA line (pink), and the MACD histogram is positive. This indicates potential upward momentum.

#### RSI

The RSI value is 45.68, which is within the neutral range. This suggests that the asset is neither overbought nor oversold, indicating a balanced momentum.

#### Support and Resistance Levels

- Nearest Support: 9.13 (25-period MA)

- Nearest Resistance: 11.35 (7-period MA)

#### Conclusion

The ZEN/USDT pair is showing signs of medium to long-term bullish momentum with the price above the 25-period and 99-period moving averages. The MACD bullish crossover suggests potential upward momentum, but the price is currently below the 7-period moving average, indicating short-term bearishness. The RSI is neutral, suggesting balanced momentum. Traders should watch the support level at 9.13 (25-period MA) and the resistance at 11.35 (7-period MA) for potential breakouts or reversals.

Timeframe: 3-Day

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