‎ZKsync Faces Renewed Selling Pressure as Bearish Momentum Reclaims Control

ZKsync Market Analysis- May 28

‎ZKsync is once again under intense selling pressure as bearish momentum reclaims dominance, signaling a potential continuation of the downward trend after a brief and unsuccessful bullish recovery.‎

‎ZKUSD Key Levels

‎Support Levels: $0.06000, $0.04000
‎Resistance Levels: $0.08450, $0.11150

‎ZKUSD Long-Term Trend: Bearish

‎ZKsync has maintained a strong bearish trajectory since the beginning of the year, with selling pressure intensifying over time. After reaching a low near the $0.04000 support level, the price experienced a temporary bullish rebound. However, this recovery proved to be short-lived.
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‎The bullish move culminated in a failed high formation below the critical $0.08450 resistance level. The inability of buyers to overcome this key supply zone reinforces the dominant bearish sentiment, signaling that sellers are poised to regain full control.
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‎Technical indicators align with this outlook. The Relative Strength Index (RSI) on the daily chart has reversed from the overbought region, providing a strong confluence for the continuation of the downward trend. Price is now expected to challenge the $0.06000 level once again. A decisive break below this area would likely open the path toward a deeper decline, potentially breaching the $0.04000 support and establishing new lows.

‎ZKUSD Medium-Term Trend: Bearish

‎The 4-hour chart reflects the same bearish narrative, reinforcing the long-term outlook. A clear bearish break of structure has occurred, confirming that sellers remain in control in the medium term as well.
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‎Following this structural shift, price action is currently consolidating near the $0.06000 demand level, which is temporarily slowing down bearish momentum. However, this consolidation appears corrective, especially as the RSI on the 4-hour chart approaches overbought territory. Once overbought conditions are met, a bearish breakout from this range is anticipated.

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