ZEN/USDT Daily Chart: Accumulation Before the Big Move?

9 Mei

Hey traders! Let’s dive into this daily ZENUSDT chart. Horizon is in a sideways accumulation phase, forming an Expanding Wedge right after a massive bullish Falling Wedge breakout.

We’re also seeing a small inverted head and shoulders at the bottom support range of $7.08-$10.08, with the neckline at $10.08. ZEN recently revisited this level, and a confirmed breakout could propel it toward $18.08-$28.94, with a major target at $41.15.
If the breakout fails, we might see a pullback to the neckline at $10.08 or the shoulder support at $8.28.



Key Levels to Watch:

Resistance: $18.08, $28.94, $41.15
Support: $8.28
Breakout Target: $41.15
Breakdown Risk: $8.28

Is ZEN about to skyrocket, or will this breakout fail? Let’s hear your thoughts below!

11 Jul

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