‎ZKsync Signals Emerging Reversal As Selling Pressure Gradually Dissipates

‎ZKsync signals an emerging reversal as selling pressure gradually dissipates. ZKsync is exhibiting early-stage bullish recovery characteristics on the daily chart, following an extended corrective phase that has moderated prior downside momentum.

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Resistance Levels: $0.0560, $0.0880

Support Levels: ‎$0.0280, $0.0200

‎Trend indicators are beginning to stabilize, with short-term moving averages converging near price and showing signs of flattening, often associated with basing behaviour. Momentum oscillators are lifting from depressed levels, thereby indicating that bearish pressure is losing dominance and that accumulation dynamics may be developing beneath the surface.

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From a price-action standpoint, ZKsync has established a defined demand base within the $0.03240–$0.02810 region, where repeated downside attempts have been absorbed. Consequently, the formation of a compact consolidation range near this order block suggests seller exhaustion, while higher intraday lows point to improving structural integrity. Although overhead resistance remains intact around $0.03520 and $0.05120, the price has stopped making lower lows. This reinforces the case for a developing trend transition.

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Looking forward, a sustained hold above $0.03240 increases the probability of a bullish continuation toward the $0.05120 level, followed by a potential extension into the $0.05550 zone. A decisive daily close above these resistance levels would confirm a broader trend reversal. It would also lead to a medium-term advance toward the $0.06000 area. Overall, the technical outlook favours a constructive upside scenario, provided demand remains defended at current support levels.

ZKsync is showing a bullish shift on the four hour chart as price reacts strongly from the highlighted demand zone. The recent bounce is supported by a bullish MA cross, signaling improving short term momentum. Price is also pressing against the descending trendline, and a clean breakout would confirm trend reversal potential. Stochastic is rising toward the upper region, suggesting growing buying pressure and scope for further upside continuation.

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