‎ZKsync Faces Renewed Bearish Pressure After 0.618 Fibonacci Rejection

‎ZKsync Market Analysis- July 29

‎ZKsync resumes its bearish trend as price rejects strongly from the 0.618 Fibonacci retracement level, signaling a potential continuation of the broader downtrend.

ZKUSD Key Levels

‎Support Levels: $0.03700, $0.01980
‎Resistance Levels: $0.06210, $0.08230

‎ZKUSD Long-Term Trend: Bearish

‎Since reaching the $0.08230 supply level in early May 2025, ZKsync has been on a consistent bearish trajectory. This downward move led to a break in structure, confirming a bearish bias in the overall market direction.
‎
‎Price eventually found temporary support at the $0.03700 demand zone, where a bullish retracement began in late June 2025. However, this recovery has recently stalled at the key 0.618 Fibonacci retracement level — a zone often associated with trend reversals. At this level, ZKsync also rejected from the $0.06210 supply zone, adding further weight to the bearish outlook.
‎
‎Additionally, a head and shoulders pattern has formed around this area, reinforcing the probability of a bearish reversal. The daily Relative Strength Index (RSI) is pointing downward, suggesting weakening bullish momentum and aligning with the bearish long-term trend.

ZKUSD Medium-Term Trend: Bearish

‎While the daily chart structure clearly reflects a bearish bias, the 4-hour timeframe shows that a full bearish confirmation is still developing. The lower low, which would confirm a new bearish leg, has yet to form.
‎
‎Nonetheless, both the 4-hour RSI and the Moving Average currently support a bearish scenario. Price action sits below the moving average, and RSI continues to decline — both indicating building bearish pressure. Once a lower low is established on the 4-hour chart, it will serve as confirmation of the continuation of ZKsync’s bearish trend.

Make money without lifting your fingers: Start using a world-class auto trading solution 

Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset, product, or event. We are not responsible for your investment results.