In this Horizen technical analysis, we will examine the current price action, trading volume, key levels and indicators for ZEN-BTC. Horizen (ZEN) is a privacy-focused cryptocurrency that utilizes advanced zero-knowledge proof technology to protect user transactions and data. With its fast transaction times and secure network, Horizen has gained popularity among users looking for a reliable and private digital asset. The project’s commitment to decentralization and community involvement has also contributed to its success, as the Horizen community is actively engaged in development and decision-making processes.
Horizen Price Overview:
As of October 02, 2023, Horizen is trading at approximately 0.00029 BTC. Let’s dive into the detailed price action for ZEN-BTC:
| Metric | Value |
|---|---|
| Open (O) | 0.0003 |
| High (H) | 0.0003 |
| Low (L) | 0.00029 |
| Close (C) | 0.00029 |
| Volume (C) | 1,460.99 |
- Open (O): The opening price for today’s trading session was approximately 0.0003 BTC.
- High (H): Horizen reached a daily high of around 0.0003 BTC.
- Low (L): The daily low for ZEN-BTC was approximately 0.00029 BTC.
- Close (C): At the time of analysis, Horizen is trading near its daily close of 0.00029 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | -2.27% |
| 3D Change (%) | 0.93% |
| 7D Change (%) | 1.71% |
| 30D Change (%) | 4.84% |
| 90D Change (%) | -0.48% |
| YTD Change (%) | -47.45% |
Over the past three days, ZENBTC has increased by approximately 0.93%, showcasing increased market volatility. Throughout the last week, it continued to rise, with a gain of around 1.71%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with ZENBTC maintaining an upward trend of approximately 4.84%, despite intermittent fluctuations. Examining the last 90 days, ZENBTC has witnessed substantial drop of approximately -0.48%, reflecting strong long-term confidence. Year-to-date, ZENBTC has steadily declined by around -47.45%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Horizen Live Chart:
You can access a live price chart for ZEN-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 0.33307.
- Momentum score is 0.04844.
ZEN BTC Technical Analysis
Horizen Trading Volume:
The trading volume for Horizen (ZEN) over the past 24 hours has been insignificant, with approximately 1,460.99 BTC traded against ZEN. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): ZEN is currently trading above the 50-day SMA, indicating short-term bullish momentum.
- 200-day Simple Moving Average (SMA): Horizen is also trading above the 200-day SMA, indicating a positive long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for ZEN-BTC is currently in the neutral zone, around 53.1585. This suggests that Horizen is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
Horizen (ZEN-BTC) is currently exhibiting signs of short-term bullish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the neutral RSI and insignificant trading volume are neutral signals for potential sideways movement.
Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.
