Recent Developments and Market Context
As of January 21–22, 2026, Horizen (ZEN/USDT) is trading around $10.07, down about –1.65% over the past 24 hours. This recent dip comes after a solid monthly climb, fueled partly by growing interest in privacy-focused cryptocurrencies and ZEN’s ongoing transition to Ethereum’s Base network. The team is working hard to improve compliance, boost scalability, and make it easier to integrate with decentralized apps. That said, regulatory concerns—especially around privacy coins and potential surveillance requirements in the U.S.—have dampened sentiment a bit, making traders more cautious.
Looking ahead, Horizen has some big milestones on the horizon: migrating the ZEN token to Base, relaunching staking, and rolling out their L3 mainnet. Important steps like phasing out EON and ZEND, plus completing security audits, are either already underway or scheduled for Q2–Q3 2025. These changes could really reshape ZEN’s foundation, so market watchers are paying close attention to both the technical charts and the project’s development progress.
Technical Indicators: Short- to Mid-Term Analysis
Taking a closer look at the recent price action and classic technical indicators, the picture is somewhat mixed with a slight bearish lean in the short term, though there are hints of stabilization. On the 4-hour chart, ZEN’s RSI is sitting around 39.96—showing some weakness but not quite oversold territory yet. The MACD line is hovering just below its signal line with a slightly negative histogram (roughly –0.0053), which suggests bullish momentum is fading or taking a breather. The 4-hour simple moving average (SMA) is near $10.93, and the exponential moving average (EMA) is around $10.70. Right now, the price is trading below both of these levels, which isn’t ideal for bulls.
When we look at support and resistance based on daily pivot points, immediate support appears to be between $9.93 and $9.78, with stronger support down around $9.55. On the flip side, resistance starts near the pivot level at $10.17, then builds up through $10.55–$10.70. If momentum picks back up, some forecasts see resistance extending toward roughly $11.30–$11.50 in the coming weeks.
Forecast Scenarios: What to Expect
Bullish Path
If ZEN can hold above the $10.00 pivot point and maintain support around $9.90, buyers might get the confidence they need to push toward those short-term resistance zones between $10.55 and $10.70. A convincing break above those levels—backed by solid volume—could set the stage for a move toward $11.30–$11.50, though we’d probably see some profit-taking around there. The momentum indicators suggest there’s room for improvement if those resistance levels get tested successfully.
Bearish Risk
On the other hand, if ZEN can’t hold support below $9.90, we could see it drift down toward deeper support zones around $9.20–$9.50. Since many of the short- and mid-term moving averages are sitting above the current price, resistance is likely to be pretty stubborn. A break below $9.00 would open the door to a sharper correction, potentially sliding down toward $8.20, which has been flagged as a strong historical support level.
Mid-Term Projection (1-3 Months)
Looking at the next one to three months, the outlook is cautiously optimistic. Several forecasting models suggest ZEN could climb toward $11.30-$11.40 by late February, assuming it can consolidate above current support and break through resistance. Some longer-term projections even put $14-$15 within reach if the broader crypto market stays healthy and network activity remains strong.
