$ZEN / USDT – Testing Resistance After Gains
$ZEN is currently trading around $9.64, showing some positive movement. It's now approaching a potential resistance level on the 4-hour chart after a recent uptick.
Observation:
* Price is hovering near the $9.65-$9.70 area, which could act as resistance.
* We've seen some buying pressure, but it's crucial to see if it can break through this zone.
Potential Scenarios:
* Breakout: If $ZEN convincingly breaks above $9.70 with good volume, we could see further upside.
* Rejection: Failure to break this level could lead to a pullback to lower support levels.
Keep an eye on the volume and price action around this resistance zone for potential trading opportunities.
