ZENUSDT — Make or Break: Triple Bottom Formation or Breakdown?Horizen / TetherUSBINANCE:ZENUSDTCryptoNuclear 🔎 Overview Horizen (ZEN) against USDT on the weekly timeframe is now trading at a critical juncture. After a long decline from its all-time high near $169 in 2021, ZEN is retesting the historical support zone at $5.06–7.00. This area has acted as a strong demand zone for years, making it the ultimate “make or break level” for its next big move. --- 📊 Technical Analysis Key Support Zone: $5.06 – $7.00 (tested multiple times since 2020). Major Resistance Levels: Minor: $8.63 → $10.55 Mid-range: $14.71 → $20.51 Strong: $30.08 → $49.78 Extreme Bullish Targets: $108 → $169 (ATH). Market Structure: prolonged sideways accumulation after a strong downtrend, with a multi-bottom pattern forming at the support area. Long wicks to the downside suggest buying interest, but no confirmed reversal yet. Weekly Sentiment: neutral-to-defensive, waiting for breakout confirmation. --- 🚀 Bullish Scenario If the support holds, ZEN could be forming a triple bottom / long-term accumulation base: 1. First confirmation: weekly breakout above $8.63. 2. Bullish targets step by step: Target 1: $10.55 (initial resistance). Target 2: $14.71 (supply zone). Target 3: $20.51 → $30.08 (potential mid-term reversal). Long-term: a breakout above $50 could open the way toward $100+. 💡 Note: Accumulation often comes with rising volume. A breakout with strong volume would validate the bullish case. --- ⚠️ Bearish Scenario If the $5.06–7.00 support fails: 1. A weekly close below $5.06 would confirm breakdown. 2. Next downside target: $3.80 (psychological and technical support). 3. This would likely extend the macro downtrend and push ZEN into a deeper undervaluation phase. --- 📌 Key Patterns & Insights Multi-touch support: the more it gets tested, the weaker it may become without new buyers. Potential triple bottom: strong bullish reversal signal if confirmed. Risk/Reward setup: trading near support offers a clear invalidation point (below $5.0) with a potentially large upside. --- 🧭 Strategy & Risk Management Conservative traders: wait for a confirmed weekly close above $8.63 before entering, targeting $10.55 → $14.71. Aggressive traders: consider partial accumulation in the $5.5–6.7 range with a tight stop below $5.0. Risk control: use stop-loss, scale targets, and adjust position sizing to market volatility. --- 📌 Conclusion ZEN is standing at a golden zone: If support holds: strong chance of a rebound toward $10–20+ and possibly higher. If support breaks: risk of a drop toward $3.8. This is the level that will decide whether ZEN is preparing for a major recovery or facing another capitulation leg. --- #ZENUSDT #Horizen #Altcoins #CryptoAnalysis #SupportResistance #TripleBottom #SwingTrading #Cryptocurrency #PriceAction