Horizen (ZEN) has been on fire in the past week, soaring by 190.97%, hitting a 32-month high!

As soon as the demand came in, the ZEN cryptocurrency soared like a rocket, rising 190% in a week!
In terms of market conditions, Horizen is currently in a good time to rise, and it may continue to rise.
This week, Horizen (ZEN) has been skyrocketing from a low of $13.64, reaching as high as $49 yesterday, the highest in 32 months!
This wave has risen by 190.97% in just seven days.
Looking at the daily chart, ZEN jumped from $38 to $49, an increase of 28.95%. However, it has since pulled back a bit, and as of writing this piece, the price is $42.
And, in this month, ZEN has also risen by 255.29%.
Now the question on everyone's mind is whether the momentum of Horizen can continue?
Check out the ZEN cryptocurrency chart
AMBCrypto's analysis said that the buyers are very active now, and the ZEN price is rising sharply.
Buyers dominate the market, as can be seen from the relative strength index (RSI). It was 51 last week, and now it's almost 90. This indicates strong buying power, with the market firmly in their grip.
Long positions are also increasing rapidly, and market sentiment is bullish.
AMBCrypto checked Coinglass's data and found that long positions accounted for 52%. Everyone thinks Horizen can still rise.
The RSI MACD line also proved this, with a bullish cross appearing a week ago, and now it has surged to 5.8.
Also, the open interest of each transaction of Horizen has increased from $9 million to $58.1 million. This indicates that investors are actively trading and opening new positions.
Long positions increased, and the prospect of Zen's rise became clearer.
Want to learn more about the price prediction of Horizen (ZEN) and see the trends in 2024-2025!
In short, Horizen is currently in an upward trend, with buyers dominating the market and prices expected to continue rising.
If this momentum can be maintained, ZEN could not only return to $49, but also potentially reach $52.9. Of course, after market adjustments, the price may also fall back to $36.9. #打榜优质内容