‎ZKsync Resumes Bearish Decline as Price Targets Key Demand Zone

‎ZKsync Market Analysis- August 5

‎ZKsync continues to maintain a bearish trajectory, entering a new wave of downside movement after repeated rejections from key resistance levels.

‎ZKUSD Key Levels

‎Support Levels: $0.03900, $0.02280
‎Resistance Levels: $0.06200, $0.07980

‎ZKUSD Long-Term Trend: Bearish

‎In the early months of 2025, ZKUSD experienced a steep decline, characterized by consecutive bearish candlesticks and minimal retracement. This sharp fall set the tone for the broader trend. A brief bullish retracement occurred in mid-April, pushing price to the $0.07980 supply zone, but it failed to alter the prevailing sentiment.
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‎Since then, price has respected a descending trend line, forming lower highs and lower lows with intermittent bullish pullbacks. Most recently, in June, price bounced off the $0.03900 demand level, triggering a bullish retracement that once again failed to breach the trend line resistance.
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‎Currently, ZKUSD is undergoing a renewed bearish sell-off after rejecting the trend line. Price is forming fresh lower lows, with the daily Moving Average confirming continued downside pressure as price trades below it. The next key target is the $0.03900 demand level, with growing anticipation that this zone may not hold if bearish momentum continues.

‎ZKUSD Medium-Term Trend: Bearish

‎On the medium-term chart, the recent rejection from the trend line resistance led to a clear bearish break of structure—reinforcing the continuation of the downtrend. Following the structure break, price temporarily retraced into a 4-hour bearish order block, which acted as a short-term resistance and triggered the next leg down. This rejection marks the end of the pullback phase and the resumption of the broader bearish trend.
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‎‎ZKUSD is now positioned to retest the $0.03900 demand level. Should selling pressure persist, this level may be breached, potentially opening the door for a deeper decline in the coming sessions.

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