ZKSync Price Forecast – ZKUSD Loses Bearish Streak as Buyers Stand In for Recovery

ZKsync Price Forecast – April 1st

ZKSync price forecast has recently seen a shift in market dynamics as buyers step in to facilitate a recovery.

ZKSync Key Levels 

Support Level: $0.06240, $0.05700
Resistance Level: $0.1110, $0.1200

ZKSync Long Term Trend: Bearish (Daily chart)

The bears have failed to break through the crucial support level of $0.06240. This reveals a potential turning point for the market. Throughout last month, buyers have been making efforts to find balance, particularly with a retest around the $0.06240 key level in March.

ZKSync Price Level – ZKUSD Outlook

Despite a prevailing bearish setup since early this year, the inability of sellers to cross this level has been alarming. This suggests a growing atmosphere of confidence for buyers. If buyers can mount a strong emergence from the $0.06240 zone, it could pave the way for a significant recovery. This will position them to overcome the $0.1110 key level that was previously breached.

The Stochastic Oscillator is currently reflecting a strong rise in the market. It indicates that buyers are reacting positively and gaining strength. This uptick suggests that there is potential for further upward movement.

However, the Momentum indicator has yet to display a strong force, which might limit immediate bullish momentum. On the daily time frame, buyers are gradually picking up pace, and as they gain more opportunities to maneuver. Therefore we can anticipate potential expansion in the market.

ZKSync Short-Term Trend: Bullish (4-Hour Chart)

The outlook for ZKSync remains cautiously optimistic as buyers work to establish a recovery. If they can effectively break above the $0.06240 level, there is a strong possibility for further gains.

Traders should closely monitor the Momentum indicator and Stochastic Oscillator for any signs of acceleration in buyer strength. A sustained push beyond current resistance could signal the beginning of a more robust bullish phase for ZKSync.

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