$ZEN /USDT Shows Strong Bullish Momentum
Horizen (ZEN) has recorded an impressive 9.11% surge, trading at 8.118 USDT (≈ Rs 2,302.67). The cryptocurrency is moving close to its 24-hour high of 8.161 USDT, reflecting strong buying pressure in the market. Trading volume has also been notable, with 573,575.79 ZEN exchanged, alongside 4.48M USDT in value, signaling active participation from traders.
Technical Indicators Support Uptrend
The price action is well-supported by moving averages, with MA(7) at 7.971 and MA(25) at 7.756, both below the current market price, highlighting bullish momentum. Meanwhile, the MA(99) at 8.019 is nearly aligned with the live price, suggesting a crucial resistance level. If ZEN sustains above 8.0 USDT, it may extend its rally further, while strong support remains near 7.75 USDT, offering a balanced setup for both traders and investors.