• Hourly ZEN structure shows tightening pennant with rising volume and defined continuation characteristics.
• The weekly HORIZEN chart reflects a confirmed change in character after prolonged macro weakness.
• Market capitalization data signals stabilization after extended distribution and declining volatility.
ZEN price analysis points to a technically constructive setup as short-term compression aligns with improving higher-timeframe structure. Recent price behavior reflects stabilization, measured continuation potential, and clearly defined risk levels across multiple timeframes.
Hourly Structure Shows Continuation Bias
ZEN price analysis on the hourly timeframe shows price compressing inside a symmetrical pennant after a sharp upward impulse. The initial move during late December established strong directional intent, followed by orderly consolidation above key volume levels.
According to a post by CryptoBull_360, the consolidation remains above the point of control visible on the volume profile. This behavior suggests acceptance at higher prices, rather than distribution, as buyers continue defending higher lows.
The pennant structure reflects declining volatility, with rising support and descending resistance converging near the apex. Price positioning near this compression zone increases the probability of an expansion move once directional commitment appears.
A projected upside target of approximately 20–30% aligns with the height of the prior impulse leg. The setup follows measured-move principles often observed after volatility contraction phases in trending environments.
Invalidation remains clearly defined. A decisive break below rising support would indicate failed continuation and deeper rotation into the established value area.
Weekly Chart Signals Structural Shift
ZEN price analysis on the weekly HORIZEN perpetual chart presents a broader structural narrative. After years under a descending macro trendline from 2021 highs, price behavior has shifted materially.
Source: X
The chart shows a prolonged basing phase between the $5 and $6 region following capitulation. Volatility compression and reduced downside momentum during this period indicate transition from trend-driven selling toward accumulation.
CryptoBull_360 notes a confirmed weekly change of character, marked by higher highs and higher lows. A sustained reclaim of the $12 to $15 zone would place prices near historical supply boundaries.
Risk parameters remain well-defined. A breakdown below the $5.5 region would invalidate the recovery structure and reopen downside scenarios.
Market Capitalization Reflects Stabilization Phase
ZEN price analysis extends to market capitalization data covering the past three months. The chart illustrates a full speculative cycle, from expansion to distribution, followed by controlled contraction.
Market capitalization surged toward the $400–450 million range before failing to sustain higher levels. The rejection triggered an orderly decline, marked by lower highs rather than panic-driven liquidation.
As selling pressure weakened, market cap compressed into a narrow $120–140 million range. Reduced volatility and fading downside momentum during this phase are consistent with accumulation dynamics.
Recent movement toward the $150–160 million area suggests early demand re-emerging. While not confirming a trend reversal, the structure supports a potential mean reversion move.
Overall, the market cap profile reflects stabilization after extensive de-risking. Directional clarity will depend on sustained acceptance above nearby resistance zones.
