🔴🔵🟢$ZEN is a clear gainer today; I can confirm ZEN’s strong momentum.
🌍🔵ZEN (Zen Cash) is up +25.46% today, surging📈 from an open of $8.79 to a current price of $11.02 as of 11:00 PM .PDT.
🌍⚫️This is a massive intraday rally signalling strong buying interest and potential breakout💥 momentum.
🌍🔵The price is now well above its 50-day moving average of $9.24 but still below the 200-day average of $14.23, indicating room to run if buyers hold control.
🌍🔴ZEN’s 52-week low is $6.03, so it’s nearly 83% above that floor, showing a solid recovery from recent lows despite a tough year-to-date performance of -62.3%.
🌍🟠The RSI near 49.6 suggests there’s still room to grow before overbought conditions.
🟡🔴Risks ahead :
🟤🌍ZEN’s rally could be a short-term spike in a volatile crypto environment. 🟢🔴Resistance near the 200-day average at $14.23 is a key hurdle.⚪️⚫️ Lack of volume data adds caution.
🔵🟣Outcome:🟡🔴
🌍🟢I recommend entering ZEN with a tight stop near $9.50 to capture momentum while limiting the downside.
🌍⚪️Monitor for a break above $11.50 to confirm sustained strength.#MarketPullback
