Hello Crypto community Welcome to this introduction for another high potential crypto project.🚀💰
🔹Rank #129,/ kind :COIN/ Market Cap:$462,223,164===> ✅
MAX Supply: 21,000,000/// Circulating Supply: 12,122,343.75 ZEN (~ 58%) ====>GOOD ✅
🔰What Is Horizen (ZEN)?
Horizen is a zero-knowledge-enabled network of blockchains powered by the largest node infrastructure in the industry. Blockchain interoperability is enabled by the Zendoo protocol, which uses SNARK-verification and allows for complete flexibility in sidechain type, consensus, speed, and privacy. Cryptographic verification of networked chains offers massive scale, and the network currently supports up to 10,000 sidechains with a throughput limit of 10,000,000 TPS.
coinmarketcap-horizen.io
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📈📉 TECHNICAL
As you can see on the Weekly timeframe for ZEN/USDT , It is trading about $38.38 right now.
ZEN has been declining in descending channel and almost printed a similar pattern like btc at the same time , so it show the correlation between Horizen and Bitcoin was high so far , thus probably it will follow bitcoin movement in future too , the general trend is still bearish and recently touched bottom of channel and rebounded again , so now i expect a pullback if it reach to forehead resistances . so now there is a possibility of further fall to volume gap zone ,but in order to reach the TP and targets, it needs to breakout the upper trendline of channel.
🛑resistance level: $100-108 ///$52-$57/// $3.2-3.6///descending trendlines of channel
❇️support levels: (FIBO LEVELS)///$19-26 (volume gap) ///$13-15///descending trendlines of channel
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👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💜 if you're a fan of my analyses PLZ follow me ,give a big thumbs 👍 and drop comment 🗯💭
🔹Rank #129,/ kind :COIN/ Market Cap:$462,223,164===> ✅
MAX Supply: 21,000,000/// Circulating Supply: 12,122,343.75 ZEN (~ 58%) ====>GOOD ✅
🔰What Is Horizen (ZEN)?
Horizen is a zero-knowledge-enabled network of blockchains powered by the largest node infrastructure in the industry. Blockchain interoperability is enabled by the Zendoo protocol, which uses SNARK-verification and allows for complete flexibility in sidechain type, consensus, speed, and privacy. Cryptographic verification of networked chains offers massive scale, and the network currently supports up to 10,000 sidechains with a throughput limit of 10,000,000 TPS.
coinmarketcap-horizen.io
------------------------------------------------------------------------
📈📉 TECHNICAL
As you can see on the Weekly timeframe for ZEN/USDT , It is trading about $38.38 right now.
ZEN has been declining in descending channel and almost printed a similar pattern like btc at the same time , so it show the correlation between Horizen and Bitcoin was high so far , thus probably it will follow bitcoin movement in future too , the general trend is still bearish and recently touched bottom of channel and rebounded again , so now i expect a pullback if it reach to forehead resistances . so now there is a possibility of further fall to volume gap zone ,but in order to reach the TP and targets, it needs to breakout the upper trendline of channel.
🛑resistance level: $100-108 ///$52-$57/// $3.2-3.6///descending trendlines of channel
❇️support levels: (FIBO LEVELS)///$19-26 (volume gap) ///$13-15///descending trendlines of channel
--------------------------------------------------------------------------------------------------------------------
👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💜 if you're a fan of my analyses PLZ follow me ,give a big thumbs 👍 and drop comment 🗯💭
