Speaking of ZEN, to put it simply, it's a follower. It gained popularity early on by riding the wave of ZEC, and now it's riding the wave of XMR's privacy features. But honestly, it does have some privacy functions itself.
Looking at the technical side. On the daily chart, the price stopped falling at the 8.648 level, and the short-term support is quite solid. Although the MACD red histogram is beginning to converge, it hasn't formed a death cross yet. What does this indicate? The chip turnover is quite active, and the trading volume has remained high. Once it stabilizes above the middle band of the 9.5 Bollinger Bands, the bulls will have a chance to launch a rebound.
Final words: Since it's essentially a follower coin, it's destined not to go too far. Short-term speculation is possible, but for long-term holding, you should choose genuine leaders. There's no need to gamble on follower coins for long-term gains.
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Speaking of ZEN, to put it simply, it's a follower. It gained popularity early on by riding the wave of ZEC, and now it's riding the wave of XMR's privacy features. But honestly, it does have some privacy functions itself.
Looking at the technical side. On the daily chart, the price stopped falling at the 8.648 level, and the short-term support is quite solid. Although the MACD red histogram is beginning to converge, it hasn't formed a death cross yet. What does this indicate? The chip turnover is quite active, and the trading volume has remained high. Once it stabilizes above the middle band of the 9.5 Bollinger Bands, the bulls will have a chance to launch a rebound.
Final words: Since it's essentially a follower coin, it's destined not to go too far. Short-term speculation is possible, but for long-term holding, you should choose genuine leaders. There's no need to gamble on follower coins for long-term gains.