‎ZKsync Resumes Downtrend After Bullish Flag Completion

‎ZKsync Market Analysis – June 4

‎ZKsync has resumed its downward trajectory as a bearish flag pattern completes, signaling strong continuation toward lower support levels.

‎ZKUSD Key Levels

‎Support Levels: $0.06000, $0.03300
‎Resistance Levels: $0.08500, $0.11700

‎ZKUSD Long-Term Trend: Bearish

‎ZKsync (ZKUSD) has entered a renewed bearish phase after completing a temporary bullish pullback. At the start of 2025, price action confirmed a major bearish break of structure, signaling the onset of a significant downtrend. This was followed by the formation of consistent lower lows, with price ultimately breaching the critical $0.06000 demand level.
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‎Following the breach, ZKUSD staged a short-lived bullish recovery, forming a bearish flag pattern—a classic continuation structure suggesting a temporary pause before further downside. The flag’s minor bullish trend was eventually broken to the downside, confirming the completion of the bullish flag and the resumption of bearish momentum.
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‎With bearish continuation now in play, ZKUSD is poised to target the $0.03300 support zone, potentially breaching it as downward pressure builds. The recent retest of the $0.06000 level reinforces bearish sentiment and increases the probability of a deeper decline.

‎ZKUSD Medium-Term Trend: Bearish

‎Zooming in, the medium-term outlook provides additional clarity. After the initial trendline break, price spiked with a strong bullish candle, seemingly attempting a retest. However, this move was met with immediate bearish rejection, forming a large upper wick—a clear sign of selling pressure.
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‎This rejection from the $0.06000 level marked the end of the bullish correction, as momentum quickly shifted back in favor of the bears. With price now hovering near the daily moving average, a decisive drop below it could accelerate the bearish trend.
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‎Overall, price structure and momentum indicators align with a dominant bearish outlook, suggesting an aggressive continuation toward lower support levels in the coming sessions.

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