Horizen (ZEN) surged 12% in the past 24 hours, driven by a bullish market structure shift and rising open interest. This rally marks a significant change in momentum, as ZEN broke out of a compressing price pattern, indicating a potential market direction shift. Open interest in ZEN increased by 24% to $19.2 million, suggesting new capital inflows rather than short covering, which supports the rally's strength. Despite the price increase, funding rates indicate that ZEN remains undervalued, suggesting the rally is not driven by excessive leverage. This condition allows for further price expansion without immediate risk of overextension. As long as ZEN maintains above the $5.973 demand zone, the bullish momentum is expected to continue, with the next target between $8.250 and $8.750.