Digital currency Horizen (ZEN) had a remarkable performance in the past week, reaching its highest price level in the past 32 months with a 200% increase. Despite a slight price decrease to $41.5 after a surge to $49, ZEN has shown over 265% growth in the last month. Analysts suggest that ZEN is still in a strong uptrend, supported by high buying pressure and dominance of buyers in the market. CoinGlass data shows 52% of open positions are long, indicating investors’ expectation of further price growth. Additionally, the increase in open interest to $58.1 million signals high investor activity and opening of new buying positions. If the uptrend continues, ZEN’s price could reach $52.9. However, in a market correction, a price decrease to $36.9 is also possible.
