ZEN - -51.83% 24H Drop Amidst Sharp Correction

On AUG 30 2025, ZEN dropped by 51.83% within 24 hours to reach $7.77, ZEN dropped by 121.89% within 7 days, dropped by 802.02% within 1 month, and dropped by 7484.83% within 1 year.

ZEN has experienced an aggressive and prolonged decline in recent months, with the most severe drop occurring in the last 24 hours. The price has fallen to $7.77, marking a significant correction in the asset’s short-term valuation. This sharp drawdown aligns with broader patterns of declining investor confidence and increasing bearish momentum in the digital asset space.

Over the past seven days, ZEN has shed 121.89% of its value, highlighting the magnitude of the ongoing downward trend. The monthly and annual drops of 802.02% and 7484.83%, respectively, underscore a long-term structural bear market. The recent correction appears to be part of a larger consolidation phase following a historically volatile period, where price volatility and speculative activity have significantly waned.

Technical indicators confirm a strong bearish bias in the near term. The RSI has plunged into oversold territory, signaling potential for a short-term bounce, though this is unlikely to reverse the broader downtrend. The 50-day and 200-day moving averages are both in negative territory, reinforcing the bearish outlook. Additionally, Bollinger Bands have narrowed significantly, suggesting a period of low volatility ahead.