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Summary
• ZENBTC consolidates around 0.000103–0.000104, with key resistance at 0.00010591 and support at 0.00010282.
• Rising momentum in early session was followed by a pullback, indicating mixed buyer sentiment.
• Volatility decreased mid-session before a late rebound, suggesting potential for renewed directional movement.
Horizen/Bitcoin (ZENBTC) opened at 0.00010324 on 2025-12-29 12:00 ET, reached a high of 0.0001068, a low of 0.00010259, and closed at 0.00010292 on 2025-12-30 12:00 ET. Total volume for the 24-hour period was 5,154.37 ZEN, with a notional turnover of approximately 0.543 BTC.
Price tested key resistance at 0.00010591 multiple times during the session but failed to break through, forming several bearish rejection patterns. A bearish engulfing candle at 0.00010591 and a strong pullback below 0.00010435 suggest short-term bearish sentiment. A strong support level emerged at 0.00010282–0.000103, where price found a floor and began a late rebound.
On the 5-minute chart, price hovered below the 20-period and 50-period moving averages, suggesting a bearish bias in the short term. On the daily chart, the 50-period MA sits at approximately 0.000104, which could offer a critical psychological level for traders monitoring the 24-hour timeframe.

The MACD crossed below the signal line mid-session, signaling weakening momentum. RSI dipped into oversold territory below 30 during the late session pullback, suggesting the potential for a short-term bounce. However, without a clear break above 0.00010435, this could remain a shallow correction.
Price action narrowed within Bollinger Bands mid-session before a late expansion toward the lower band, indicating a period of consolidation followed by a potential breakout attempt. Price remains well below the 20-period band average, pointing to bearish bias.
Volume surged above 200 ZEN during key price swings, particularly around 2025-12-29 22:30 and 2025-12-30 05:45, supporting the bearish breakdown. Turnover diverged slightly with price during the late rebound, indicating weak conviction among buyers.
On the 5-minute chart, price tested the 61.8% retracement level of the earlier bullish move at 0.00010435 and failed to hold, suggesting further downside. On the daily chart, the 38.2% retracement of the recent move sits near 0.0001038, which could serve as a near-term target for longs if buyers re-enter.
Market participants may watch for a retest of 0.000103–0.000104 as a potential setup for a bounce, but bearish momentum could still favor a test of the next support at 0.0001025. Investors should remain cautious of thin volume in the late rebound and the potential for a continuation of the bearish trend.
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