ZKsync Price Forecast: ZKUSD Buyers Take a Breather as Sellers Mount Pressure

ZKsync Price Forecast – October 21

The ZKsync price forecast indicates that buyers have slowed down after nearing the significant $0.15450 level.

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

Support Levels: $0.13590, $0.12500
Resistance Levels: $0.15450, $0.16000
The crypto market has recently faced increased selling pressure, leading to a bullish pullback. As buyers struggle to push prices higher, sellers have begun to exert significant pressure on the ZKUSD price.

ZKsync Price Forecast: ZKUSD Outlook

Last week, the bulls strengthened their position, gaining momentum from the $0.12500 area and confidently driving the market up to $0.15450. However, as buyers pause, the ZKsync price may pull back slightly, potentially dropping towards the key support level at $0.13590.

Despite this pullback, daily chart indicators show that buyers still hold overall control. The Moving Average crossing continues to indicate a bullish trend, and the Parabolic SAR (Stop and Reverse) suggests that buyers remain in control.

While the pullback could deepen, buyers may regain momentum. A consistent drop to $0.13590 could provide a base for another rally, depending on how market participants respond to the current dynamics, with crypto signals hinting at potential opportunities.

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

In the short term, sellers are capitalizing on the market pullback, hoping to shift the direction of the ZKsync market. The Moving Average crossing continues to guide the price action, while the Parabolic SAR signals a dip as sellers press further.
However, buyers will need to regroup and rebuild momentum to counter the increasing sell-side pressure. They must refocus their efforts to prevent sellers from gaining more control and push the price back toward the $0.15450 level.

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