ZKsync Price Forecast: Buyers Struggle as Sellers Push Price to $0.13700

ZKUSD Price Forecast – September 30th

The ZKsync price forecast indicates a significant loss of momentum, with sellers pushing the price down to the $0.13700 key level.

ZKUSD Long Term Trend: Bullish (1-Day Chart)
Key Levels

Support Levels: $0.13700, $0.13000
Resistance Levels: $0.15100, $0.15450
.13700" width="976" height="617" data-lazy-src="https://learn2.trade/wp-content/uploads/2024/10/ZKUSD-1DAY.png"/> ZKUSD price has experienced a downturn in momentum this week, allowing sellers to take control and push the price down from the $0.15100 resistance level. The highest price the market has seen recently was $0.15450, but buyers have been unable to sustain the bullish momentum. Despite this decline, market sentiment still shows some lingering buying pressure, as bulls attempt to regain control and drive the price higher.

ZKUSD Price Forecast: ZKUSD Outlook

The Parabolic SAR indicator suggests that the market hasn’t fully committed to a bearish trend. However, buyers have struggled to counter the growing pressure from sellers. Additionally, the Moving Average crossing hasn’t signaled a clear direction, keeping the market in a neutral stance.

The current outlook for the ZKUSD market shows that while bearish pressure persists, there remains potential for the bulls to stage a recovery. The Parabolic SAR indicator has yet to fully switch to a bearish trend, implying that buyers still have a chance to push the price higher. However, the lack of momentum indicates that a significant effort will be needed to regain control.

ZKUSD Medium Term Trend: Bearish (4-hour Chart)

In the short term, sellers maintain control, with both the Moving Average crossing and the Parabolic SAR pulling the market lower. Buyers are struggling to regain strength as the $0.13700 support level is being tested. If sellers continue their momentum, the price could fall further toward the $0.13000 support zone.
.13700" width="976" height="617" data-lazy-src="https://learn2.trade/wp-content/uploads/2024/10/ZKUSD-4HRS.png"/> If buyers manage to stage a recovery, they will need to break through the $0.15100 resistance to reverse the current downward trend. However, given the prevailing bearish sentiment, the market is likely to remain under pressure in the short term. Crypto signals may offer further insights into potential market movements during this period.

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