Alright team, taking a look at $ZEN here.
Price is currently sitting at 8.48, down about 1.40% today.
We've seen a pretty consistent downtrend since roughly the 23rd at 06:00.
The 24-h low was 8.30, and it looks like we got a bounce off that level yesterday around 18:00. That could be a minor support forming there.
Volume looks pretty decent, 395k ZEN traded in the last 24 hours.
Right now, we're consolidating a bit. The candles are getting smaller, which could indicate a loss of momentum in the downtrend, or it could be a pause before another leg down.
If that 8.30 level holds, we might see a push back towards 8.80-8.90 as a resistance area.
However, if we break below 8.30, next significant support looks like it's quite a bit lower.
Watching this one closely. Stay sharp.