Horizen reached $32 after 539 days of accumulation and strong buyer activity that supported its breakout.
The $50 target is now within reach as market momentum builds and investor confidence grows stronger.
Increased trading volume and a solid technical setup point to further growth potential for Horizen in the crypto market.
$ZEN has surged to $32 after breaking out of a prolonged accumulation phase that lasted 539 days. The breakout followed consistent trading activity with a total volume of 171.342 million during this period. This milestone has marked a recovery for the cryptocurrency, which previously stagnated within a narrow price range.
Source: CryptoBullet
The breakout has delivered a 140% profit for investors who entered at the lower accumulation levels. Crypto analyst CryptoBullet, who forecasted the rally, has projected that $ZEN could next climb to $50. The analyst’s predictions have attracted widespread attention, with the community eagerly monitoring the token’s progress.
Accumulation Phase Sparks Major Rally
Horizen traded in a tight range for 77 weeks before breaking above the $20 resistance level. This breakout was the first upward movement since its all-time high above $150 in 2021. The extended consolidation phase indicated strong accumulation by investors, and the subsequent breakout validated the growing confidence in the asset.
The move to $32 has positioned Horizen as a notable performer in the crypto market. It reflects a strong buildup of demand, which has now translated into sustained bullish momentum. Investors who participated in this phase are seeing substantial returns as the token continues its upward trend.
Analyst Sets $50 as the Next Price Target
CryptoBullet, a well-known cryptocurrency analyst, outlined two major price levels for $ZEN. The first target was $32, which has now been reached, and the second target is $50. This next level represents an important milestone that could further solidify Horizen’s recovery.
The analyst noted that breaking above $32 could lead to another rally toward $50. However, some consolidation might occur before the token advances. With bullish sentiment building and key resistance levels being cleared, the path toward the next target appears achievable.
Growing Interest and Market Reaction
Horizen’s breakout and price action have drawn interest from the crypto community. The analyst’s update on social media received over 106,000 views and nearly 800 likes. The high engagement demonstrates the growing enthusiasm for Horizen’s potential in the coming months.
This renewed interest aligns with improving sentiment in the overall cryptocurrency market. Increasing trading volumes and strong accumulation patterns are clear indicators of heightened demand for the token. Moreover, the breakout reinforces the belief that Horizen could continue its upward momentum if favorable conditions persist.
Horizen has successfully broken out of its accumulation phase, reaching $32 and delivering returns for investors. The next target of $50 now appears within reach as momentum continues to build. With increasing market interest and a solid technical foundation, Horizen is positioned as a strong contender for further growth in the crypto space.
