ZKsync Plummets Amid Increased Selling Pressure Against the Bulls

ZKsync Market Analysis – February 2

ZKsync plummets amid increased selling pressure against the bulls. ZKsync continues to trade within a broadly bearish environment, with market structure and momentum indicators firmly aligned to the downside. Price remains below declining short- and medium-term moving averages, reflecting persistent supply dominance, while the MACD stays negative and continues to slope lower, confirming weakening momentum rather than base development. Overall conditions indicate that the market remains locked in a distribution and markdown phase.

ZKsync Key Levels

Resistance Levels: $0.0560, $0.0880
Support Levels: $0.0280, $0.0200

ZKsync Long-Term Trend: Bearish

From a technical standpoint, price action has formed successive lower highs and lower lows, reinforcing the prevailing bearish structure. Repeated failures around the $0.0330–$0.0340 region, alongside the more pronounced rejection below $0.0550, highlight strong overhead supply. Recent downside expansion has driven price back toward the $0.0250 area, while the inability to sustain rebounds above former support turned resistance underscores limited bullish conviction and continued sell-side control.

Looking ahead, downside risk remains dominant while price holds below $0.0280. A sustained breakdown beneath $0.0250 would expose the $0.0200 level as the next key downside objective, with scope for further extension if selling pressure intensifies. Only a decisive recovery above $0.0340 would meaningfully weaken the bearish outlook and signal the early stages of structural stabilization.

ZKsync Medium-Term Trend: Bearish

ZKsync remains under bearish control on the four-hour chart, with price trading below key moving averages and struggling to sustain recovery attempts. The recent impulsive upside spike was swiftly rejected, leaving behind a clear liquidity grab above resistance and reinforcing seller dominance. Price is consolidating beneath the prior support-turned-resistance zone, signaling weak buyer follow-through, while momentum conditions tracked through crypto signals continue to favor a move lower toward the $0.0200 support area if bearish pressure persists.

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