After surging roughly
↗41%
over the past month, ZEN faces selling pressure with nearly twice as many sellers as buyers over the past 24 hours as geopolitical tensions weigh on crypto.
Profit-taking emerges after strong rally
ZEN jumped roughly
↗41%
over the past month, but the price slipped approximately
↘2.07%
over the past 24 hours as nearly twice as many people sold compared to those buying, signaling investors are cashing in on recent gains.
Trading activity cools sharply
Trading volume dropped roughly
↘26.75%
over the past 24 hours while the number of people trading decreased approximately
↘22.50%
over the same period, with the price hovering near its daily low.
Broader market pressure weighs
The selling pressure comes as Middle East tensions push oil prices higher
, creating a risk-off environment that's weighing on most crypto assets, though ZEN is holding up slightly better than some Smart Contract Platform peers.