ZEN: Short-Term Selling Pressure — Likely Weakness Ahead
I see clear selling pressure on ZEN/USDT: a 1‑minute volume spike of 209.32K USDT with only 19% buy vs 81% sell, and the price slipping from 8.596 to 8.582 (-0.2%).
The 24‑hour picture is slightly bearish too — 10.449M USDT traded with a 47/53 buy/sell split and negative net volume across 15m, 1h and 4h timeframes. There have been multiple alerts in the last 24h.
Analysis
Recommendation
I would avoid initiating new long positions now and consider trimming exposure or selling into any brief strength until buy volume and net flow recover.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.