$ZEN /USDT – POW Token Grinding Higher: Can It Break Through? ⛏️📈
Hey everyone, let’s take a look at
$ZEN /USDT – a privacy-focused Proof of Work token that’s putting in a solid gain today. Here’s my chart analysis:
📊 Quick Stats:
· Price: $12.135 | +6.88% ↗️
· 24h High: $12.579
· 24h Low: $11.105
· 24h Volume: 1.84M ZEN | $21.89M USDT
📈 Technical View:
$ZEN is currently trading near a key confluence of moving averages:
· MA(7): $12.198 (immediate resistance)
· MA(25): $11.676 (support)
· MA(99): $12.188 (strong resistance just above)
Price is sandwiched between the MA(7) and MA(99), showing a tight battle at this level. Holding above the MA(25) is a positive sign for the near-term trend.
🎯 Key Levels to Watch:
· Resistance: $12.188 → $12.579 → $13.00+
· Support: $11.676 → $11.105 (24h low) → $10.80
Volume is present but below recent averages, suggesting we may need more momentum to push through the $12.188–$12.198 resistance zone.
💭 My Take:
#zen , as a privacy POW coin, often moves with its own rhythm separate from general market trends. Today’s move shows strength, but it’s hitting a wall at the MA(7)/MA(99) cluster. A clean break above $12.20** could open the path to retest **$12.579 and beyond.
If you’re already in, watch $11.676** as your near-term support. If you’re looking to enter, a pullback toward **$11.80–$12.00 might offer a better risk/reward setup—just wait for confirmation.
Given the nature of privacy coins, news and regulatory sentiment can impact price quickly, so stay informed and manage your risk.
What’s your view on ZEN? Do you think it can break this resistance, or are we looking at a pullback first?
Let me know in the comments! 👇
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