The cryptocurrency Horizen has surged to $32 following 539 days of accumulation, driven by strong investor interest.
Accumulation Phase Sparks Major Rally
Horizen traded within a tight range for 77 weeks before surpassing the $20 resistance level. This marked the first upward move since its all-time high above $150 in 2021, reflecting increased investor confidence and leading to the new peak of $32.
Analyst Sets $50 as the Next Price Target
Renowned analyst CryptoBullet outlined two major levels for $ZEN: $32 and $50. With the first target achieved, the path forward could lead to $50, strengthening the bullish outlook. However, potential consolidation is expected before reaching the next milestone.
Growing Interest and Market Reaction
Horizen's breakout and market action have drawn significant attention from the crypto community, with high engagement on social media indicating rising enthusiasm. Growing trading volumes and robust accumulation patterns point to increased investor interest.
Horizen has successfully exited its accumulation phase, reaching $32 and capturing investor interest. The target of $50 seems achievable as market conditions improve.
