Top 3 Undervalued Tokens For 10X Surge This Year!
- Cryptocurrency Market Overview: The cryptocurrency market has shown increased price volatility, with top tokens retesting important support levels, potentially signaling a bullish trend. Mid-cap and low-cap altcoins have seen significant gains, attracting investor interest.
- Top Undervalued Tokens: The article highlights three undervalued altcoins - Mdex (MDX), Renzo (REZ), and Horizen (ZEN) - trading at discounts from their all-time highs but with strong long-term fundamentals, suggesting the potential for significant price surges.
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Technical Analysis for ZEN
Technical Sentiment Analysis for Horizen (ZEN) As of , Horizen (ZEN) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for ZEN stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, ZEN is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Horizen (ZEN) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 1.625 | 3.282 | 4.859 | 6.516 | 8.093 | 9.75 | 11.327 |
| Fibonacci | 3.282 | 4.518 | 5.281 | 6.516 | 7.752 | 8.515 | 9.75 |
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