š§āāļø $ZEN at $7.183 ā Pressure Building, Will It Explode or Fade Away? āļø
$ZEN /USDT is hovering at $7.183, showing classic signs of pre-breakout compression. After a decent rally that topped out near $7.80, price has pulled back in a controlled manner, creating a potential bullish flag or base formation.
Price is stuck between a tight support at $7.00 and a range ceiling around $7.40ā$7.60. This is where patient traders watch silently while weak hands exit.
Market sentiment around ZEN remains cautiously optimistic. No major sell pressure has entered yet ā and candles are holding higher lows. Volume has dried up, which often precedes explosive moves once liquidity returns.
š ZEN Key Technical Levels:
Current Price: $7.183
Strong Support: $7.00 ā a level that has held several times
Major Resistance: $7.40 ā $7.80
Breakout Confirmation: $7.85+ with strong 4H or daily close
Upside Targets After Breakout:
ā⢠$8.00 ā psychological and round level
ā⢠$8.50 ā previous structural top
ā⢠$9.20 ā extended FIB level
Short-Term SL for Swing Trades: Below $6.88
š§ Trade Outlook:
ZEN is at a crossroads:
If $7.00 holds and price breaks above $7.40 with volume, momentum traders could pile in fast.
If it fails to hold $7.00, then a retest of $6.60ā$6.40 is possible before the next move up.
This zone is ideal for:
š§± Base traders accumulating early
šÆ Breakout traders waiting for the trigger
š”ļø Risk-managed swing setups with tight SLs
Market remains neutral with slight bullish bias ā structure favors the upside if the overall market stays stable.
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