ZKSync Price Forecast – ZKUSD Consolidates as Buyers React to Selling Pressure

ZKSync Price Forecast – February 17

The ZKSync price forecast indicates that the market is currently in a consolidation phase as buyers respond to ongoing selling pressure.

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

Support Levels: $0.11580, $0.10000
Resistance Levels: $0.17560, $0.22100
Sellers have been actively driving prices lower from the $0.22100 key level since the beginning of the year. Buyers initiated a push from the $0.17560 level, but despite their efforts, they have struggled to break past the $0.22100 resistance zone.

ZKUSD Price Forecast – Market Outlook

Selling pressure has remained strong, recently driving the price below the $0.11580 level, reinforcing the bearish trend. Currently, buyers are attempting to reverse the market’s direction, leading to a consolidation phase.

The market remains in a tug-of-war between buyers and sellers, with buyers striving to push higher but facing strong resistance. ZKSync continues to trade in a quiet range as market participants await a decisive move. The Moving Average Convergence Divergence (MACD) indicator has yet to provide a clear signal, adding to the uncertainty about the market’s next direction.

Meanwhile, the Parabolic SAR (Stop and Reverse) indicator aligns with the prevailing bearish sentiment, suggesting that selling pressure may persist. On the higher time frame, buyers are making efforts to counteract sellers, but the consolidation phase is likely to continue in the short term.

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

On the 4-hour chart, the consolidation phase is expected to persist as the market struggles with conflicting forces.
The Parabolic SAR shows that sellers are still actively pushing prices lower, contributing to uncertainty about future price action. Crypto signals suggest that traders should closely monitor the Moving Average Crossing in the coming days, as it could provide clearer insights into the market’s potential direction. For now, ZKUSD remains below the $0.11580 level, and further developments will determine the next major price movement.

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