$ZEN
ZEN has dropped significantly (-8.59%), nearing its 24h low of $33.41.The price is below its 25-day and 99-day moving averages, indicating a bearish trend in the short and medium term.
Volatility:
Amplitude: 0.85% (High: $34.30, Low: $34.01 during the specific timeframe).Broader 24h range ($33.41–$42.22) suggests high volatility.
High trading volume ($171.79M USDT) suggests strong market activity but with bearish sentiment dominating.
Order Book Depth:
Support Levels: Significant buying interest is visible around $33.41 and $34.00.Resistance Levels: Strong selling pressure exists at $34.35 and $34.77.
Support and Resistance Levels:
Immediate Support:
$33.41 (24h Low).$34.00 (visible in the order book).
Resistance Levels:
$34.35 (MA(7) and key resistance).$34.77 (MA(25)).
Short-Term Traders:
Watch for potential bounces at the $33.40–$33.50 range.If the price breaks above $34.35, it could test $34.77.
Medium to Long-Term Holders:
The price is currently in a downtrend, and further declines toward $33.00 are possible.Consider accumulating if it stabilizes at lower levels or shows signs of reversal.
Risk Management:
A breakdown below $33.41 could lead to further declines, with the next support near $32.50.