ZEN has successfully reclaimed an important support level, signaling strength in the short term. With this key level holding, the next target appears within reach. As long as the price remains above this critical support, we can expect the pair to move toward the $11.50 level as a minimum on this rally.
The break above the resistance suggests momentum is building. Traders watching this bounce should keep an eye on whether buying pressure can sustain through $11.50 to open doors to higher levels.
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ZEN/USD Technical Bounce
ZEN has successfully reclaimed an important support level, signaling strength in the short term. With this key level holding, the next target appears within reach. As long as the price remains above this critical support, we can expect the pair to move toward the $11.50 level as a minimum on this rally.
The break above the resistance suggests momentum is building. Traders watching this bounce should keep an eye on whether buying pressure can sustain through $11.50 to open doors to higher levels.