‎ZKsync Faces Temporary Bullish Relief Within Dominant Bearish Trend

‎ZKsync Market Analysis – July 15

‎ZKsync faces temporary bullish relief within its dominant bearish trend, as recent price action reveals a corrective move upward that may soon meet resistance before the larger downtrend resumes.

‎ZKUSD Key Levels

‎Support Levels: $0.03900, $0.01890
‎Resistance Levels: $0.05590, $0.07920

‎ZKUSD Long-Term Trend: Bearish

‎ZKsync continues to trade within a dominant bearish structure, despite showing signs of temporary relief. The year 2025 opened with a sharp and aggressive decline, as price plunged lower without meaningful retracement. However, by late March 2025, the aggressive selloff began to ease, allowing room for a corrective retracement even as the overall trend remained bearish.
‎
‎Price is currently respecting a descending trend line, gradually approaching the $0.03900 demand level, which has so far acted as a strong support zone. This level has facilitated the formation of a minor bullish leg, as buyers step in to counter the oversold conditions.
‎
‎Supporting this temporary bullish move is the daily Relative Strength Index (RSI), which signals growing bullish momentum and renewed buyer interest. Nonetheless, the broader market structure remains bearish. This ongoing bullish correction is expected to face resistance at the established trend line, from where the dominant bearish trend may likely resume.

‎ZKUSD Medium-Term Trend: Bullish

‎In the medium term, ZKsync has shifted into a short-term bullish phase, driven by a structure break and increasing momentum. After initially pulling back from the $0.05990 supply zone due to weakening momentum—evident from the 4-hour RSI—a double bottom pattern emerged, triggering a renewed bullish push.
‎
‎The current bullish move is projected to test and potentially break above the $0.05990 supply level. However, the upside is expected to be limited, with price likely to encounter strong resistance at the descending trend line. This area is anticipated to mark the end of the retracement, paving the way for a continuation of the primary 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.