Zksync Price Forecast – ZKUSD Bearish Momentum Strengthens As Sellers Take Control

Zksync Price Forecast – December 16

Zksync price forecast highlights sellers gaining a stronger foothold in the market.

Zksync Long-Term Trend: Bearish (Daily Chart)
Key Levels

Support Levels: $0.15570, $0.13320
Resistance Levels: $0.22510, $0.22300
ZKUSD continues to demonstrate significant weakness as sellers dominate near the $0.2060 level. After a bullish phase in mid-November that propelled prices to the $0.2730 resistance zone, the market has shifted in favor of sellers, capitalizing on reduced buyer activity.

Zksync Price Forecast – ZKUSD Outlook

This week, bearish traders decisively breached the $0.2230 support zone, deepening the bearish trend. The $0.2060 level now stands as a critical area of interest, with sellers steadily driving the market downward. The prevailing bearish sentiment suggests continued pressure unless buyers regain momentum.

Following November’s bullish accumulation phase, buyers have receded, creating opportunities for sellers to reassert control. The market now leans heavily toward bearish dominance, with bulls struggling to regain traction. A bearish crossover looms, signaling an increased probability of further downside movement.

The MACD indicator reflects diminished bullish momentum, with sellers firmly in control. The ongoing decline in the MACD histogram further underscores the strengthening bearish sentiment.

Zksync Medium-Term Trend: Bearish (4-Hour Chart)

On shorter time frames, buyers face substantial challenges as sell orders dominate the market. A resurgence in bullish sentiment may take time to materialize, given the current bearish momentum.
For buyers to regain control, a significant influx of buy orders will be needed to surpass the $0.2230 resistance zone. However, with bearish dominance and unfavorable technical indicators prevailing, any bullish recovery may be delayed. Traders should closely watch the MACD for potential shifts and monitor the Moving Average crossover for confirmation of continued bearish pressure. Crypto signals suggest maintaining vigilance as the market approaches these key levels.

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