$ZEN /USDT Technical Analysis:
Current Price: $36.85 (+15.48% in 24h)
Trend: Bullish (Strong uptrend with recent gain of +15.48% in 24 hours)
Support: $35.60 (SAR indicator suggests potential support at this level)
Resistance: $39.78 (24h High)
Key Indicators:
RSI: Likely in overbought territory due to recent price surge, potential for consolidation or pullback.
MACD: Bullish crossover, signaling continued upward momentum.
Volume: High trading volume of $142.27M, supporting the uptrend.
Trade Signal:
Buy: Entry around $36.85 or on pullbacks near $35.60.
Target Levels:
1. First Target: $38.37 (next resistance level)
2. Second Target: $39.78 (24h High, potential breakout)
3. Third Target: $42.00 (next significant resistance)
Stop Loss: $34.00 (Below key support at $35.60)
Trade Momentum:
Strong Bullish Momentum: Due to recent price surge, the trend is currently upward. However, be cautious of potential pullbacks near resistance levels. Monitor for any reversal signals (RSI, MACD divergence) before taking action.
This analysis suggests potential gains, but it's essential to keep an eye on market conditions for any changes.
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