$ZEN Poised for a Major Breakout ... Early Signal

$ZEN is currently testing a critical resistance level at $10.50, forming a classic falling wedge pattern that typically signals a bullish reversal. The price has been consolidating above key support at $8.50, which has held firm, preventing further downside. A confirmed breakout above $10.50 with a successful retest could trigger a strong upward rally, initially targeting $20 and potentially extending towards $28, where the next significant resistance levels lie.

If the price fails to break out and reverses, $8.50 remains a strong support zone that could provide a solid foundation for another rebound. The current setup suggests that bulls are gradually gaining strength, and volume confirmation on the breakout will likely validate the move. Traders should monitor the price closely for a breakout and retest scenario, as this wedge formation has the potential to fuel a substantial bullish rally in the coming days.

Buy and Trade here on a $ZEN