Market Overview for Horizen/Bitcoin (ZENBTC) as of 2025-10-25

• ZENBTC traded in a tight range until a breakout above $0.00010002 late in the 24-hour period.
• Strong bullish momentum emerged post 21:00 ET, with price closing higher on 22 consecutive 15-minute candles.
• Volume surged during the final 2 hours of the session, aligning with price strength and confirming breakout validity.
• Key support levels held at $0.0000985–$0.0000990, with a potential resistance pivot forming near $0.00010002.
• RSI showed no overbought conditions at close, suggesting further upward momentum could be possible.

Opening Narratives and Price Action

Horizen/Bitcoin (ZENBTC) opened at $0.00009800 on 2025-10-24 at 12:00 ET and closed the 24-hour window at $0.00009904. During that period, the pair reached a high of $0.00010058 and a low of $0.00009760. Total volume traded was 1,791.71 ZEN, with a notional turnover of 1.775 BTC. The price action was initially range-bound until a breakout in the evening session, fueled by increasing buying pressure and a sharp increase in volume.

Structure & Key Levels

The price found firm support in the $0.0000985–$0.0000990 range, with a notable bullish engulfing pattern forming at 19:45 ET as ZENBTC moved from $0.00009965 to $0.00010021. A key resistance pivot formed near $0.00010002, where price consolidated briefly before breaking through again. The late session showed signs of increasing conviction, with a hammer-like formation at 21:45 ET followed by a strong close on 22 consecutive positive candles, signaling strong bullish control.

Moving Averages and Momentum Indicators

On the 15-minute chart, the 20- and 50-period moving averages crossed into alignment as the price surged past $0.00010002, supporting the breakout thesis. The MACD histogram showed a positive divergence, confirming the strength of the rally. RSI remained in neutral territory, peaking at 55, indicating no overbought conditions and leaving room for further upward movement.

Volatility and Fibonacci Levels

Bollinger Bands showed a contraction in the early part of the session, followed by a rapid expansion as the breakout unfolded. Price traded above the upper band for the final 3 hours of the window, indicating strong volatility. Fibonacci retracement levels suggested key areas to watch: 61.8% at $0.00009983 and 78.6% at $0.00010041. Price briefly tested these levels before consolidating around $0.00010002, suggesting further movement could be near-term.

Volume and Turnover Analysis

Volume spiked sharply in the final 2 hours of the 24-hour window, with over 300 ZEN traded in the 01:45–05:00 ET window, coinciding with the breakout. The notional turnover also increased significantly during this time, with $0.00010002 acting as a price magnet. This suggests strong participation from both retail and institutional traders, with no clear sign of divergence between price and volume. The increase in volume was a strong confirmation of the breakout’s legitimacy.

Backtest Hypothesis

Given the observed MACD top divergence during the breakout, a hypothetical backtesting strategy could be applied to ZENBTC. For example, if the MACD histogram showed a bullish divergence (lower price lows but higher MACD lows), a buy signal could be generated at the close of the candle forming the divergence. The holding period, as proposed, would be 15 minutes. This strategy is particularly relevant in the context of the strong volume confirmation and the sharp breakout seen on 2025-10-25, which could serve as a test case for such an intraday approach.