【See Drop】
ZEN currently reports 6.353, down 2.80% over the past 24 hours. Still down 9.51% over 7 days, with an intraday range of 6.323–6.568.
Over the last 24 hours, ZEN is down 2.80%. After rebounding to around 6.568, it was pushed back down again—there is a high density of sell/lock-up orders overhead.
A single-day rebound has not reversed the weakness on the weekly chart; selling pressure continues to be released.
In the short term, it is biased bearish.
【Bearish Rationale】
Under the weekly backdrop of -9.51% over 7 days, a single-day small bullish candle can only be viewed as a weak rebound.
If 6.323 is lost, it will continue lower to seek support.
$ZEN #ZEN
ZEN currently reports 6.353, down 2.80% over the past 24 hours. Still down 9.51% over 7 days, with an intraday range of 6.323–6.568.
Over the last 24 hours, ZEN is down 2.80%. After rebounding to around 6.568, it was pushed back down again—there is a high density of sell/lock-up orders overhead.
A single-day rebound has not reversed the weakness on the weekly chart; selling pressure continues to be released.
In the short term, it is biased bearish.
【Bearish Rationale】
Under the weekly backdrop of -9.51% over 7 days, a single-day small bullish candle can only be viewed as a weak rebound.
If 6.323 is lost, it will continue lower to seek support.
$ZEN #ZEN
