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ZKUSD Price Forecast – October 28th
The ZKsync price forecast shows buyers have launched a surprise rally, aggressively targeting the $0.13490 level as they work to recover from recent bearish activity.
ZKUSD Long-Term Trend: Bullish (Daily Chart)
Key Levels
Support Levels: $0.12000, $0.11000
Resistance Levels: $0.13490, $0.15400
After trading as high as $0.15400, sellers took control, driving the price down to the $0.12000 support. Now, buyers are staging a strong comeback, aiming to break through key resistance and regain upward momentum. This recovery rally has come as a strategic response from buyers, who appear ready to reclaim ground lost during the previous downturn.
ZKsync Price Forecast: ZKUSD Outlook
The current rally is fueled by strong market volatility, enhancing the possibility of buyers succeeding in their breakout efforts. The Stochastic Oscillator, which is trending upward, indicates bullish momentum building as the price nears the $0.13400 resistance level. If buyers achieve a breakthrough here, it could signal a fresh upward swing, boosting confidence for further gains.
A confirmed breach of the $0.13490 resistance level could inspire buyers to target the previous high of $0.15400. As volatility fuels liquidity, buyers are positioned to capitalize on any further upward momentum. However, should sellers reenter, the price may revert toward the $0.12000 support, potentially pausing the recovery.
The buyers’ resilience suggests they are gaining traction, and the current price setup supports a bullish outlook. A continued rise in the Stochastic Oscillator further indicates buyer strength, while the volatility in the market adds an opportunity for breakout expansion.
ZKUSD Medium-Term Trend: Bullish (4-Hour Chart)
On the 4-hour chart, buyers are signaling continued strength, with the Stochastic Oscillator rising, affirming the recovery momentum. Increased volatility on this shorter timeframe supports an environment conducive to liquidity, indicating the rally may extend further if buyers hold ground above the $0.13400 area.
ZKsync buyers are poised to push higher, with indicators favoring further upward moves. The market shows strong potential for breakout expansion as bullish sentiment gains ground.
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