ZEN Token Slides 4.31% as Trading Volume Drops 45% After Horizen Project Updates

ZENUSDT experienced a 4.31% price decline in the past 24 hours, with the current price at $10.264. This drop is primarily attributed to heightened market volatility following recent project updates from the Horizen team and a notable decrease in trading volume, which fell by approximately 45% compared to the previous day. Technical indicators such as a negative MACD and an RSI below 24 reflect an oversold market condition. Despite the short-term decrease, ZENUSDT saw increased attention on Binance due to trending status and recent developments, including the ZENDEX showcase and future migration plans. Market capitalization is estimated between $177 million and $199 million, with circulating supply at 17.8 million coins. Over the past week, ZENUSDT has shown signs of recovery, though long-term performance remains subdued.