🚀$ZEN ZEN/USDT Surges 24.48% – Momentum Continues! 🔥
Current Price: $37.83 (+24.48%)
24H High: $39.78
24H Low: $29.95
Horizen (ZEN) continues its impressive rally, climbing over 24% in the last 24 hours. After reaching a high of $39.78, the price is now consolidating near $37.83, maintaining strong bullish sentiment.
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Key Market Insights
🔹 Support Zone: $35.84 is the immediate support. A drop below this level could signal consolidation or a potential pullback.
🔹 Resistance Zone: $39.78 remains the critical resistance. A breakout above this level could push ZEN toward $42.00.
🔹 Strong Volume: With over 4.76M ZEN traded, the rally is backed by solid trading activity.
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What’s Next for ZEN?
1️⃣ For Bulls:
Watch for a breakout above $39.78 to continue the rally toward $42.00 and $45.00.
Sustained volume is key to confirming bullish momentum.
2️⃣ For Bears:
A rejection near $39.78 could lead to a short-term pullback to $35.84 or lower.
Monitor declining volume as a potential sign of weakening momentum.
3️⃣ Risk Management:
Set stop-loss levels below $35.00 to safeguard gains and manage risk effectively.
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Trading Strategy
For Breakout Traders: Look for confirmed breakouts above $39.78 with high volume.
For Swing Traders: Buy dips near support zones and target $39.78 or higher.
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Key Takeaway
ZEN is gaining strong upward traction, presenting exciting opportunities for traders. With momentum on its side, this token is one to watch as it tests new highs.