- Horizen coin price is currently observing a downside trend and can soon see a new high. In contrast, ZEN’s price is down by 0.84%
- Technical indicators for HORIZEN price hint towards a consolidated trend for the future. Meanwhile, the ZEN/BTC pair can also see a significant move in the upcoming days.
Why Invest In ZEN Crypto?
ZEN crypto cost is currently in a halt and can soon see a strong upside trend in the future. Horizen cost price is currently hovering close to the value of $64 and is currently with a loss of 0.84%. The organization depends on a decentralized hub framework and has an interpolable blockchain framework. They center around adaptable information protection and furthermore empower clients and engineers to assemble blockchain utilizing another innovation called Zendo. It was dispatched in MAY 2017 by Robert and Rolf to beat the versatile issues of blockchain networks. ZEN additionally upholds the low cost blockchain building. HORIZEN coin cost has an ROI of over 589%, which has consistently benefitted the financial backers. Horizen coin cost is as of now in a downtrend however can before long see a significant recuperation later on. One can situate their assets as per the value activity in ZEN.
ZEN is currently positioned at 105th in the CMC with a dominance of more than 0.1%. The volume to showcase cap proportion of the ZEN cost proposes a solid potential gain force for what’s to come.
Technical Indicators Of ZEN Crypto Suggests A Downside Trend For The Future
ZEN coin price weekly technical chart is currently seeing a bearish trend and can soon see a new high. Horizen coin price has been on a consolidated trend in the daily time frame. The bullish momentum of the ZEN coin price may see a potential threat near $80. Support for the asset price on the downside surge can be found near $50. The asset price is currently trading below the 50 and 100 DMA. The 50 DMA is currently near the value of $80 which is acting as a temporary resistance for an upside moment. ZEN/BTC pair can also see a downside trend in the future.
Conclusion
ZEN coin price is currently seeing a bearish momentum but can soon see an upside trend. ZEN/BTC pair can also observe a new high in the future. An Investor should do their due diligence before investing in ZEN.
Technical Levels
Major Support:$50
Major Resistance:$100