$ZEN Latest Analysis:
ZEN, the token of Horizen, has been showing moderate price movement recently. Despite some bearish momentum, it has struggled to break above key resistance levels, particularly around the $18 mark. The market sentiment has been generally neutral, with a balance between buying pressure and selling volume.
The Relative Strength Index (RSI) is hovering near the 50 mark, indicating a lack of strong directional momentum. However, if ZEN manages to push past the $18 resistance, there could be an opportunity for a bullish rally, potentially reaching the $20-$22 range.
On the downside, support is solid around the $16 level. A break below this could lead to further downside potential toward $14.
Overall, ZEN’s next movement will largely depend on market sentiment and whether it can break key resistance or find support at lower levels.#BitcoinETFWatch #FedHoldsRates
