ZEN BTC Horizen Technical Analysis

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By Frans van Elst

Horizen logo In this Horizen technical analysis, we will examine the current price action, trading volume, key levels and indicators for ZEN-BTC. Horizen is a privacy-focused blockchain that utilizes advanced cryptographic techniques to protect user data and transactions. Its unique features include zk-SNARKs technology for scalable privacy and secure smart contract execution, as well as a decentralized governance system for community decision-making. With Horizen, users can enjoy greater autonomy and confidentiality in their digital lives.

Horizen Price Overview:

As of May 18, 2024, Horizen is trading at approximately 0.00013 BTC. Let’s dive into the detailed price action for ZEN-BTC:

Consider bearish sentiment for Horizen (ZENBTC) at 1.27e-04 BTC with technical analysis, highlighting weakened support and cautionary indicators.

Metric Value
Open (O) 0.00013
High (H) 0.00013
Low (L) 0.00013
Close (C) 0.00013
Volume (C) 930.40
  • Open (O): The opening price for today’s trading session was approximately 0.00013 BTC.
  • High (H): Horizen reached a daily high of around 0.00013 BTC.
  • Low (L): The daily low for ZEN-BTC was approximately 0.00013 BTC.
  • Close (C): At the time of analysis, Horizen is trading near its daily close of 0.00013 BTC.
Metric Value
1D Change (%) -1.93%
3D Change (%) -1.40%
7D Change (%) -8.16%
30D Change (%) -5.99%
90D Change (%) -40.97%
YTD Change (%) -40.55%

Over the past three days, ZENBTC has declined by approximately -1.40%, showcasing increased market volatility. Throughout the last week, it continued to decline, with a loss of around -8.16%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with ZENBTC maintaining a downward trend of approximately -5.99%, despite intermittent fluctuations. Examining the last 90 days, ZENBTC has witnessed substantial decrease of approximately -40.97%, reflecting strong long-term confidence. Year-to-date, ZENBTC has steadily decreased by around -40.55%, 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 0.38746.
  • Momentum score is -0.09537.

ZEN BTC Technical Analysis

Horizen Trading Volume:

The trading volume for Horizen (ZEN) over the past 24 hours has been insignificant, with approximately 930.40 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 below the 50-day SMA, indicating short-term bearish momentum.
  • 200-day Simple Moving Average (SMA): Horizen is also trading below the 200-day SMA, indicating a negative long-term outlook.

Relative Strength Index (RSI):

  • The RSI30 for ZEN-BTC is currently in the low zone, around 38.31228. This suggests that Horizen is in bearish territory.

Analysis from TradingView:

Our Key Takeaways:

Horizen (ZEN-BTC) is currently exhibiting signs of short-term bearish 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 low RSI and insignificant trading volume are low signals for potential downward movement.

Consider bearish sentiment for Horizen (ZENBTC) at 1.27e-04 BTC with technical analysis, highlighting weakened support and cautionary indicators.

Unlock additional insights on ZEN USDT Horizen Technical Analysis with our detailed analysis; a must-read if you enjoyed the content of this post.

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.

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