$ZEN is trading around 8.889, sitting very close to its 24h low of 8.863, and the chart structure still shows strong downward momentum. On the 1H timeframe, price is trading below all major EMAs (14, 25, 50, 100, 200), creating a clean bearish alignment. Every bounce has been weak, and sellers continue to push lower, showing that momentum is still controlled by bears. Support is found near 8.85 and 8.60, while resistance sits at 9.10 and 9.32.
In the explanation, the fundamentals also lean bearish: liquidity is dropping, volume is decreasing, and sentiment around mid-cap altcoins like $ZEN is cooling as traders shift toward safer large caps. Technically, the candles show no strong bullish rejection, and each small recovery is immediately sold off, confirming continuation pressure. Sentiment shows fear and uncertainty because $ZEN failed to hold above key moving averages, which usually signals that traders expect further downside. With all three views aligning, the best scalp setup right now remains a SHORT, not a long.
Short Entry Zone: 8.92 – 9.02
Take Profit 1: 8.75
Take Profit 2: 8.61
Stop Loss: 9.28
Stay disciplined — the trend is down and momentum is weak, so avoid chasing green candles.
Short #ZEN Here 👇👇
