ZEN USDT 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-USDT. Horizen is a privacy-focused blockchain that utilizes advanced cryptography to protect user data and transactions. Its unique features include zk-SNARKs technology, which enables secure and private transactions, and a decentralized governance system for community decision-making. With its emphasis on security and anonymity, Horizen is poised to offer users a more private and secure experience in the blockchain space.

Horizen Price Overview:

As of April 20, 2024, Horizen is trading at approximately 9.41 USDT. Let’s dive into the detailed price action for ZEN-USDT:

Navigate challenges in realm of Horizen (ZENUSDT) at 9.41 USDT with technical analysis pointing to bearish outlook and potential downturns.

Metric Value
Open (O) 8.67
High (H) 9.43
Low (L) 8.58
Close (C) 9.41
Volume (C) 166,031.88
  • Open (O): The opening price for today’s trading session was approximately 8.67 USDT.
  • High (H): Horizen reached a daily high of around 9.43 USDT.
  • Low (L): The daily low for ZEN-USDT was approximately 8.58 USDT.
  • Close (C): At the time of analysis, Horizen is trading near its daily close of 9.41 USDT.
Metric Value
1D Change (%) 8.41%
3D Change (%) 12.83%
7D Change (%) 15.18%
30D Change (%) -32.30%
90D Change (%) 13.92%
YTD Change (%) 3.98%

Over the past three days, ZENUSDT has risen by approximately 12.83%, showcasing increased market volatility. Throughout the last week, it continued to increase, with a gain of around 15.18%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with ZENUSDT maintaining a downward trend of approximately -32.30%, despite intermittent fluctuations. Examining the last 90 days, ZENUSDT has witnessed substantial rise of approximately 13.92%, reflecting strong long-term confidence. Year-to-date, ZENUSDT has steadily appreciated by around 3.98%, 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-USDT 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 1.01104.
  • Momentum score is -0.34924.

ZEN USDT Technical Analysis

Horizen Trading Volume:

The trading volume for Horizen (ZEN) over the past 24 hours has been insignificant, with approximately 166,031.88 USDT 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-USDT is currently in the low zone, around 43.67931. This suggests that Horizen is in bearish territory.

Analysis from TradingView:

Our Key Takeaways:

Horizen (ZEN-USDT) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the low RSI and insignificant trading volume are low signals for potential downward movement.

Navigate challenges in realm of Horizen (ZENUSDT) at 9.41 USDT with technical analysis pointing to bearish outlook and potential downturns.

Explore more with our thorough insights on ZEN BTC Horizen Technical Analysis — an essential 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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