Here's a detailed technical analysis and trade outlook for $ZEN /USDT Perpetual
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๐ ZEN/USDT Snapshot
Metric Value
Last Price $7.116 โฌ๏ธ (+1.35%)
Mark Price $7.119
24h High / Low $7.155 / $6.855
24h Volume (ZEN) 989,501.6 ZEN
24h Volume (USDT) $6.91 Million
Current Volume 78,829.6
MA(5) 49,570.7
MA(10) 45,998.2
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๐ Technical Overview
๐ธ Price Context
Price is trending upward near the top of the daily range ($7.155).
Currently above both 5-period and 10-period moving averages, showing short-term bullish strength.
Decent volume increase confirms trader participation on the upside.
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๐ Key Technical Levels
Zone Level (USDT) Notes
Resistance 1 7.197 Immediate overhead barrier
Resistance 2 7.321 Short-term breakout test
Resistance 3 7.445 Local top / upper liquidity zone
Current Price 7.116 Holding above MA levels
Support 1 7.074 Local support
Support 2 6.950 24h mid-range pivot
Support 3 6.855 24h low and bounce area
Support 4 6.826 Deeper support zone
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๐ Trade Setups
๐ข Bullish Scenario (Breakout Setup)
Entry: Break and close above $7.20โ$7.22
Target: $7.45 โ $7.65
Stop-Loss: Below $6.95
Confirmation: Strong candle close above resistance with increasing volume
๐ด Bearish Scenario (Rejection & Reversal)
Entry: If price rejects at $7.20 zone and drops under $7.00
Target: $6.85 โ $6.75
Stop-Loss: Above $7.22
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๐ Trend Summary
Factor Status
Short-Term Trend Bullish
Momentum Strengthening
Volume Moderate-Growing
Structure Higher Lows
Volatility Medium
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๐งญ Outlook
ZEN is primed for a potential breakout above $7.20. Price is being supported by strong short-term moving averages, and volume is healthy. A confirmed push above $7.20 could attract more longs, while a rejection might signal short-term exhaustion.
Would you like a multi-timeframe view (15mโ4h) or a comparison with other coins you're watching (e.g., BTC, TON, HOOK)?
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