$ZEN

/USDT Technical Analysis

The $ZEN /USDT trading pair has shown a notable drop in price, currently sitting at $24.97, reflecting a decrease of 14.28% over the past 24 hours. Let’s break down the technical picture:

Current Price: $24.97 (-3.55% in the last hour)

24h High: $29.68

24h Low: $24.91

Volume: 1.43M ZEN traded, with 39.35M USDT in total volume

Key Levels to Watch:

Support Level: $24.91 (recent 24h low)

Resistance Level: $29.68 (24h high)

Short-Term Outlook:

The ZEN price is currently in a downward correction, and it's testing the lower range around $24.91. If it breaks below this level, we might see further downside towards $24.50. However, if the support holds, a potential reversal toward the $29 resistance level is possible.

Market Sentiment:

Bearish in the short term, but the larger trend could shift if a rebound occurs from key support levels.

Stay tuned for more updates and remember to manage your risk carefully!

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