Horizen (ZEN) has a Very Bullish Sentiment Score, is Rising, and Underperforming the Crypto Market Friday: What's Next?

Friday, September 15, 2023 07:50 PM | InvestorsObserver Analysts

Horizen (ZEN) gets a very bullish rating from InvestorsObserver Friday. The coin is up 4.55% to $7.3 while the broader crypto market is up 0.99%.

Horizen has a Very Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on Horizen!

Very Bullish

Over the last five days, Horizen has earned a Very Bullish rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of Horizen over the past five days by volume and price movement.

The Sentiment Score provides a quick, short-term look at the crypto’s recent performance. This can be useful for both short-term investors looking to ride a rally and longer-term investors trying to buy the dip.

Price Levels

Horizen is currently trading near its five-day high of $7.30518770217896. The coin is 0.07% off its five-day high and is 10.13% higher than its five-day low of $6.63.

Horizen price is currently above resistance. With support set around $6.87 and resistance at $7.13, Horizen is potentially in a volatile position if the rally burns out.

Horizen has traded on low volume recently. This means that today's volume is below its average volume over the past seven days.

What is a coin?

A coin is a cryptocurrency that exists on its own blockchain. These are typically used for payments. Depending on the cryptocurrency, what those payments are use for may vary from general use in the Digital Money sub-class to a more specific use in some other sub-classes.

Due to a lack of data, this crypto may be less suitable for some investors.

Click here to unlock the rest of the report on Horizen

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