‎ZKsync Shows Strong Bullish Rejection at $0.05450, Eyes Higher Targets

‎ZKsync Market Analysis – September 3

‎ZKsync continues to display resilience as bullish momentum builds, following a firm rejection at the $0.05450 demand level.

ZKsync Key Levels

‎Support Levels: $0.05450, $0.03600
‎Resistance Levels: $0.06500, $0.08160

‎ZKUSD Long-Term Trend: Bullish

‎From early 2025 until mid-June, ZKsync faced a sustained bearish trend, driving price down to the $0.03600 demand level. This zone provided the foundation for a significant shift in market structure as bullish momentum emerged, lifting price above the $0.05450 support.
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‎Once the $0.05450 level was reclaimed, ZKsync surged past the $0.06500 supply zone and tested the trendline resistance before retracing. The retracement found support once again at $0.05450, where the market displayed a sharp rejection—confirming buyer strength and signaling the continuation of the bullish trajectory.
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‎Looking forward, price is expected to resume its upward move, with potential to surpass $0.06550 and ultimately approach the $0.08160 supply zone. A break and close above $0.08160 would further reinforce bullish momentum and open the door for higher price expansion.

‎ZKUSD Medium-Term Trend: Bullish

‎On the medium-term outlook, the recent pullback has held firmly at the trendline support. This aligns with the failed low pattern reinforcing the likelihood of bullish continuation.
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‎The 4-hour Relative Strength Index (RSI) has dipped into oversold territory, presenting a bullish signal that suggests renewed buying pressure. As long as $0.05450 remains defended, ZKsync is expected to push higher, targeting $0.06500 in the short term before extending toward stronger resistance levels.

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