$ZEN /USDT Perpetual Trading Analysis

📌 Current Price: $8.951 (-1.79%)

📊 24h High/Low: $9.495 / $8.914

📉 24h Volume: 2.61M ZEN / 24.01M USDT

📌 Mark Price: $8.963

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📊 Market Insights

ZEN is experiencing slight downward pressure, dropping 1.79% in the last 24 hours.

It is currently trading near its daily low at $8.914.

Moving Averages:

MA(7): $9.104 (Short-term bearish trend)

MA(25): $9.209 (Resistance ahead)

MA(99): $9.180 (Long-term trend slightly bearish)

Resistance Levels:

$9.104 - Immediate resistance (Reclaiming this level is crucial for recovery)

$9.209 - Strong resistance (Breakout confirmation for upside potential)

$9.396 - Key resistance (Above this, a move toward $9.5+ is likely)

$9.525 - Major resistance (Critical breakout zone for bulls)

Support Levels:

$8.914 - Immediate support (Currently being tested)

$8.884 - Strong support (If broken, further downside risk increases)

$8.800 - Major support (Critical zone to hold for trend stability)

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📈 Potential Trading Strategies

🟢 Long Trade (If Price Holds Above $8.914 Support)

Entry: $8.92 - $8.95

Target: $9.10 - $9.20

Stop-Loss: $8.85

🔻 Short Trade (If Price Fails to Break Above $9.10)

Entry: $9.05 - $9.10

Target: $8.90 - $8.85

Stop-Loss: $9.15

🚀 Breakout Trade (If Price Clears $9.21 and Holds Above)

Entry: $9.22 - $9.25

Target: $9.40 - $9.50

Stop-Loss: $9.15

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⚠️ Risk Warning

A break below $8.884 could push the price lower toward $8.80 or below.

For bullish recovery, price must reclaim $9.10 and push above $9.21.

Volume is moderate, so price action may be choppy.

Would you like additional technical indicators (RSI, MACD) for better confirmation?

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