$ZEN 💥 ZEN's $11.50 Rally: Reclaiming the Fibonacci Pivot

Horizen (ZEN), currently trading near $8.90, is targeting the $11.50 resistance level, which represents a significant 29% rally. This $11.50 price point is exceptionally critical as it aligns closely with the major $11.19 Fibonacci Retracement level (78.6%) and a historical mid-range support/resistance pivot that, when reclaimed, has historically triggered aggressive follow-through moves.

The fundamental case for this recovery is driven by ZEN's focus on regulated privacy solutions and its recent migration to the Base blockchain, which enhances its utility and liquidity. Technically, the price is currently in an oversold position (RSI was recently near 34), suggesting that a short-term relief bounce is due.

For ZEN to hit $11.50, it must first decisively break the intermediate resistance near $9.38 (the 7-day SMA) and then clear the $10.52 weekly high. A sustained, high-volume close above this intermediate ceiling is the technical confirmation needed to successfully test and flip the $11.50 barrier, setting the stage for a push toward the next major resistance cluster near $13.42 (61.8% Fib).