ZEN Analysis: Are we launching today with the Mainnet launch on Base?

(December 9, 2025)

#knowmorewithGiovanni

Hello Binance community,

Today is the official launch day of the Horizen main network (Mainnet) on Base.

ZEN is now a full ERC-20 token with zk-powered privacy layer → The Horizen 2.0 phase has officially begun.

Instant numbers:

Price: 9.06 USDT

24-hour change: +1.06%

24-hour trading volume: 61.40 million dollars (very strong increase)

Market Cap: ~159.78 million dollars

RSI (14): 38 → Clear oversold area

Quick technical analysis:

Breaking the falling wedge pattern on the 4H-6H timeframe.

Strong support: 8.50 – 8.00

Immediate resistance: 9.20 → 9.65 → 10.00–10.80

12-24 hour forecast:

Strongest scenario (65-70%): Rise to 9.80–10.80 supported by the launch and increased liquidity.

Alternative scenario: Quick correction to 8.20–8.00 if momentum fades.

Proposed trading plan:

Long: Entry 8.80–9.00 → Targets 10.00 / 10.80 → Stop Loss 8.30

Short (very limited): Only on strong rejection at 9.65.

Sentiment 84% bullish, and TVL grows 35% monthly.

Excellent short-term opportunity but risk management is a priority!👉🏼

What do you think? ZEN for the breakout today or should we wait for a stronger confirmation?

Share your predictions

$ZEN #Binance #CryptoNews #TEAMMATRIX