๐ZENUSDT is currently showcasing dynamic market movements, poised for a potential breakout from its descending channel pattern.
๐At present, #Horizen is experiencing lateral consolidation within a demand zone, which was once considered a supply area. There's a significant chance for the price to rebound from this zone and initiate an upward trend, aiming for the bearish OB area as its next milestone.
๐If ZEN does not manage to rebound and instead dips below the demand zone, it might regress to the Bullish OB area, around the $7.70 mark, in search of renewed impetus for an ascent.
๐The Bullish OB area has historically been a catalyst for notable recoveries upon its testing. Yet, a breach of this zone, affirming a bearish trajectory, could lead ZEN to seek bullish signals from a further depth.
๐Failing to find upward momentum from this subsequent level could perpetuate a downward trend for ZEN. Rest assured, we are here to navigate you through these market shifts.