ZENUSDT — Make or Break: Triple Bottom Formation or Breakdown?

🔎 Overview

Horizen (ZEN) against USDT on the weekly timeframe is now trading at a critical juncture. After a long decline from its all-time high near $169 in 2021, ZEN is retesting the historical support zone at $5.06–7.00. This area has acted as a strong demand zone for years, making it the ultimate “make or break level” for its next big move.

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📊 Technical Analysis

Key Support Zone: $5.06 – $7.00 (tested multiple times since 2020).

Major Resistance Levels:

Minor: $8.63 → $10.55

Mid-range: $14.71 → $20.51

Strong: $30.08 → $49.78

Extreme Bullish Targets: $108 → $169 (ATH).


Market Structure: prolonged sideways accumulation after a strong downtrend, with a multi-bottom pattern forming at the support area. Long wicks to the downside suggest buying interest, but no confirmed reversal yet.

Weekly Sentiment: neutral-to-defensive, waiting for breakout confirmation.

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🚀 Bullish Scenario

If the support holds, ZEN could be forming a triple bottom / long-term accumulation base:

1. First confirmation: weekly breakout above $8.63.


2. Bullish targets step by step:

Target 1: $10.55 (initial resistance).

Target 2: $14.71 (supply zone).

Target 3: $20.51 → $30.08 (potential mid-term reversal).

Long-term: a breakout above $50 could open the way toward $100+.


💡 Note: Accumulation often comes with rising volume. A breakout with strong volume would validate the bullish case.

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⚠️ Bearish Scenario

If the $5.06–7.00 support fails:

1. A weekly close below $5.06 would confirm breakdown.


2. Next downside target: $3.80 (psychological and technical support).


3. This would likely extend the macro downtrend and push ZEN into a deeper undervaluation phase.




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📌 Key Patterns & Insights

Multi-touch support: the more it gets tested, the weaker it may become without new buyers.

Potential triple bottom: strong bullish reversal signal if confirmed.

Risk/Reward setup: trading near support offers a clear invalidation point (below $5.0) with a potentially large upside.

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🧭 Strategy & Risk Management

Conservative traders: wait for a confirmed weekly close above $8.63 before entering, targeting $10.55 → $14.71.

Aggressive traders: consider partial accumulation in the $5.5–6.7 range with a tight stop below $5.0.

Risk control: use stop-loss, scale targets, and adjust position sizing to market volatility.

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📌 Conclusion

ZEN is standing at a golden zone:

If support holds: strong chance of a rebound toward $10–20+ and possibly higher.

If support breaks: risk of a drop toward $3.8.
This is the level that will decide whether ZEN is preparing for a major recovery or facing another capitulation leg.

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