$ZEN /USDT is witnessing a rise again, currently trading at 5.833, with a daily increase of +2.32% after a sharp rejection from the local high of 6.99.
The chart tells a story of volatility and opportunities. Prices have surged strongly from the low of 4.94, forming a strong upward momentum, but have faced significant selling pressure near the psychological resistance of 7.00. This rejection led to a quick pullback, which is now stabilizing above the support area of 5.70–5.80.
Key levels to watch:
Resistance: 6.20 → 6.65 → 7.00
Support: 5.70 → 5.30 → 4.94
Trading volume is strong at 2.58M USDT, indicating active participation and the potential for another explosive move.
If the bulls defend the current area, reclaiming 6.20 could ignite the next rally towards 6.65 and beyond. However, losing the support of 5.70 may pull prices back into consolidation or even retest the lower demand.
Momentum is renewing. The next move could be crucial.
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