ZKSync Price Forecast – ZKUSD Sellers Regain Momentum

ZKSync Price Forecast – February 24

The ZKSync price forecast indicates renewed selling pressure as sellers reclaim control of the market.

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

Support Levels: $0.09200, $0.08000
Resistance Levels: $0.11580, $0.19000
ZKSync has been on a steady decline, with sellers driving the price lower from the $0.19000 level earlier this year. A failed breakout above the $0.11580 resistance zone resulted in a rejection, pushing the price back toward the $0.09200 key support level.

ZKSync Price Forecast – ZKUSD Outlook

Bearish pressure is increasing, as confirmed by the Parabolic SAR indicator, signaling a higher risk of further declines. The Stochastic Oscillator continues to trend lower, reinforcing the bearish sentiment. If sellers maintain dominance, the price could drop further toward the $0.08000 support level.

If downward momentum persists, ZKUSD may break below the $0.09200 support level, leading to deeper declines toward the $0.08000 price zone. However, if buyers regain strength, they may attempt another push toward the $0.11580 resistance level, though overcoming this zone remains challenging.

Traders should closely monitor the momentum indicators to identify key support zones and confirm the next major market move. Keeping an eye on reliable crypto signals can also provide additional insights into potential shifts in market sentiment.

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

On the 4-hour chart, the market remains in consolidation, but the bearish trend continues to dominate. The Stochastic Oscillator indicates a short-term uptick, suggesting that buyers are making an attempt to regain control.
However, the Parabolic SAR indicator still favors sellers, implying that downward momentum may persist. If bullish strength increases, ZKUSD could challenge the $0.11580 resistance level again. Otherwise, continued selling pressure may push prices lower toward the $0.09200 support zone.

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