‎ZKsync Anticipates Bullish Reversal After Prolonged Bearish Trend

‎ZKUSD Market Analysis- April 24

‎ZKsync (ZKUSD) has recently shown early signs of a potential bullish recovery after enduring an extended bearish trend that dominated the market for months.

‎ZKUSD Key Levels

‎Support Levels: $0.08310, $0.03300
‎Resistance Levels: $0.15150, $0.22100‎

‎ZKUSD Long-Term Trend: Bearish‎

‎The downtrend was initiated earlier this year following the completion of a head-and-shoulders reversal pattern, which led to a series of lower lows and successive bearish breaks of structure—clearly marking a strong bearish sentiment.
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‎The decline was severe enough to breach below the critical $0.08310 demand level, further affirming the dominance of sellers. This break signaled additional bearish pressure, but recent developments suggest a weakening of this momentum. In mid-April 2025, price action began to shift, as the most recent attempt to break the previous low failed.
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‎The failed bearish continuation appears to have acted as a liquidity sweep, fueling a reversal. ZKUSD has since shown bullish momentum, now trading slightly above the daily Moving Average—an initial crypto signal of trend reversal. Additionally, the Relative Strength Index (RSI) on the daily chart is climbing, suggesting growing bullish strength and supporting the case for a long-term trend reversal. Should this bullish push hold, a shift in overall market bias from bearish to bullish is likely, opening the door for a broader recovery phase.

‎ZKUSD Medium-Term Trend: Bullish

‎On the 4-hour timeframe, ZKUSD shows clearer bullish structure. The price surged upward following a sharp liquidity grab, marked by a strong bullish rejection candle. This upward move is currently supported by the 4-hour Moving Average, which aligns with bullish price action.
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‎However, caution is warranted in the near term. The 4-hour RSI currently indicates overbought conditions, suggesting the likelihood of a short-term pullback. A minor bearish retracement may occur as the market seeks equilibrium before resuming the bullish leg. This retracement could provide better entry points for long positions, especially if it aligns with a higher low formation and continued support from the moving average. If the bullish structure persists, it is likely to extend into the daily timeframe, strengthening the case for a full bullish reversal.

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