ZKsync Price Forecast: ZKUSD Bearish Momentum Persists as Price Approaches Key Support at $0.11700

ZKSync Price Forecast – November 4th

The ZKSync price forecast indicates a prevailing bearish trend, with prices steadily declining toward the crucial support level at $0.11700. Following a peak at $0.14500, the market has experienced consistent selling pressure, placing bearish forces firmly in control.

ZKUSD Long-Term Trend: Bearish (Daily Chart)

Support Levels: $0.11700, $0.11550
Resistance Levels: $0.12900, $0.14500
.11700" width="1004" height="617" data-lazy-src="https://learn2.trade/wp-content/uploads/2024/11/ZKSYNC-1DAY.png"/> The $0.11550 support zone stands as a significant level where buyers have previously intervened to prevent further declines. This area might allow buyers to regain some traction if the bearish momentum eases. However, a break below this level could prompt an extended bearish movement, further testing ZKSync’s stability in the near term.

ZKsync Price Forecast – ZKUSD Outlook

The MACD (Moving Average Convergence and Divergence) remains in negative territory, underscoring the current bearish sentiment. Meanwhile, the Stochastic Oscillator is nearing oversold conditions, suggesting that a reversal could occur if selling pressure decreases.

On the daily chart, market sellers retain dominance, with price action confirming bearish control. Although the MACD is trending lower, the Stochastic Oscillator hints at a possible bounce if oversold conditions are reached.

ZKSync’s bearish trend remains robust, yet key support levels may offer buyers a window to regain influence. Traders should carefully watch the $0.11550 level for signs of a reversal, especially if the MACD and Stochastic indicators display bullish divergence in the coming days.

ZKUSD Medium-Term Trend: Bullish (4-Hour Chart)

ZKSync’s short-term outlook remains bearish, and continued pressure could drive prices down toward the $0.11550 support. However, with the Stochastic nearing oversold territory, there’s a chance for buyers to challenge the downtrend.
.11700" width="1004" height="617" data-lazy-src="https://learn2.trade/wp-content/uploads/2024/11/ZKSYNC-4HRS.png"/> To confirm a bullish reversal, traders should look for price stability around $0.11550 and a potential upward shift in the Stochastic Oscillator. Monitoring crypto signals will be essential for identifying market trends and potential shifts in ZKSync’s trajectory.

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