‎ZKsync Breakout Signals Strong Bullish Momentum

‎ZKsync Market Analysis- September 9

‎ZKsync continues to demonstrate strong bullish potential as recent price action confirms a decisive break of structure, setting the stage for further upward movement. With both long-term and medium-term indicators aligning, the market outlook favors buyers as the next key supply levels come into focus.

‎ZKUSD Key Levels

‎Support Levels: $0.05100, $0.03200
‎Resistance Levels: $0.08100, $0.11000

‎ZKUSD Long-Term Trend: Bullish

‎ZKsync recently experienced a bullish break of structure, which marked a significant shift in market direction. This breakout occurred above the $0.05100 demand level, a critical zone that now serves as a foundation for higher price targets. The next major area of interest lies at the $0.08100 supply level, which is anticipated to be tested as bullish momentum builds.
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‎Following the breakout, price action has tapped into the daily order block, signaling the end of the pullback phase and confirming the resumption of bullish momentum. The daily Moving Average further supports this outlook, as ZKsync continues to trade above the indicator, adding confluence to the bullish bias.
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‎Looking ahead, the immediate target remains the $0.08100 supply level. Should buyers sustain momentum and breach this level, the next bullish objective will be the $0.11000 supply zone, marking another key milestone in the trend continuation.

‎ZKUSD Medium-Term Trend: Bullish

‎On the 4-hour chart, price action reveals a more detailed view of the bullish continuation within the daily order block. A failed low formation triggered a sharp bullish reaction, forming the first significant bullish leg in this structure.
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‎Despite the bullish environment, the Relative Strength Index on the 4-hour timeframe signals that the market has reached overbought conditions. This suggests a possible short-term pullback, which would likely be minor and corrective in nature. Such a move could allow the daily order block to be tapped once more before the broader bullish trend resumes.

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