$ZEN The current price trend of ZEN indicates a slight downward movement, with its price decreasing by 1.11% to reach $8.28. This decline is due to ongoing selling pressure and a decrease in whale activity.
*Technical Indicators:*
- The RSI indicates that the market is in the oversold area
- Moving averages indicate a sell
- Candlestick analysis indicates a downward trend
*Influencing Factors:*
- _Decrease in whale activity_: The number of whales $ZEN has decreased, indicating a decline in confidence from major holders.
- _Selling pressure_: The wide separation between EMAs indicates strong downward momentum.
*Future Expectations:*
- The price of ZEN is expected to range between $8.25 and $8.59 in the coming days.
- It may reach lower levels if the downward momentum continues ¹ ² ³
ZENUSDT
Perp
9.078
-5.41%
Please note that these predictions are not a recommendation to buy or sell, and you should conduct your own research before making any investment decisions.