ZEN/USDT – Building an Upward Structure from the Demand Area
Zen seems to be starting to form a new upward structure after a significant correction in recent days. Currently, the price is right in a strong demand area — both on the daily timeframe (1D) and 4-hour (4H).
This zone has previously been a significant reversal point multiple times and is now being tested again. As long as this area holds, the potential to build a new higher low is quite open. If buying pressure continues to increase, the opportunity to continue the upward trend toward the area of 20,000–28,000 could gradually begin to form.
However, it should be noted that if this demand area breaks, the upward structure could be temporarily delayed until the market finds a new balance below.
Overall, Zen appears to be in an accumulation phase before the potential next impulse.
