🚀
$ZEN Technical Setup: The "Privacy Rally" Breakout
Horizen (ZEN) is showing significant bullish strength, currently trading at $10.37 (approx. ₹2,907). The 30-minute chart reveals a classic "Golden Cross" momentum play.
📊 The Analysis
Moving Average Support: The price is riding comfortably above the MA(7) at 10.46 and MA(25) at 10.26, confirming a strong short-term uptrend.
The Big Bounce: We saw a massive recovery from the $8.64 support level, marking a 24.4% gain over the last 30 days.
Volume Surge: A noticeable spike in volume confirms that buyers are stepping in heavily at these levels.
Privacy Sector Narrative: With renewed interest in privacy coins (XMR, DASH, ZEN) this week, ZEN is positioned for a potential "Leg Up."
⚡ The Trade Setup
Goal Price Level
Entry Zone $10.10 – $10.40 (Look for minor pullbacks)
Target 1 $10.85 (Recent Local High)
Target 2 $11.50 (Psychological Resistance)
Target 3 $12.20 (Major Supply Zone)
Stop Loss $9.60 (Below MA-99 & recent consolidation)
$ZEN is waking up! 🚀 Privacy coins are leading the narrative this week and Horizen looks ready to fly. Holding above the MA(25) with a clear path to $11+. Don't sleep on the privacy season.
#zen #USTradeDeficitShrink #BTC100kNext? #MarketRebound