$ZEN
Sometimes a chart feels like a coiled spring — compressed volatility, tight ranges, declining interest… and then suddenly it pops. $ZEN is starting to show that spring releasing. The quiet period is ending; you can feel volatility bleeding back into the candles.
We’re seeing higher volume bars aligned with green closes, which is exactly what you want to see in a potential trend shift. Within its category, $ZEN is clawing back some dominance as traders rediscover it as a structured, higher-liquidity alt compared to the ultra-micro caps. Look at the tape and you’ll notice those confident buys that don’t hesitate to hit the ask — a classic tell that conviction is returning, possibly led by mid-sized whales.
I’m focused on the freshly reclaimed support around the prior range high. If ZEN holds above that and continues to set a staircase of higher lows, a move into the next major resistance zone becomes very plausible — and those moves can accelerate once momentum chasers pile in.
EP: 12.0 – 12.8
TP: 16 – 18
SL: 10.6
