‎ZKSync (ZKUSD) Faces Critical Decision Point as Symmetrical Triangle Tightens

‎ZKsync Market Analysis- October 7

‎ZKSync (ZKUSD) currently trades within a tightening symmetrical triangle, reflecting a moment of indecision in the market as both bulls and bears prepare for a potential breakout that could define the next major directional move.

‎ZKUSD Key Levels

‎Support Levels: $0.04500, $0.02300
‎Resistance Levels: $0.7000, $0.09100

‎ZKUSD Long-Term Trend: Bearish

‎Since the early months of 2025, ZKSync has maintained a persistent bearish trend, descending steadily until it reached the $0.04500 demand level. This key level has served as a strong support, preventing further downside movement and initiating a phase of consolidation. The resulting symmetrical triangle pattern on the daily chart signifies a period of equilibrium between buyers and sellers, with price coiling in preparation for a major breakout.

‎Given the broader market structure, a bearish breakout appears more probable, signaling a continuation of the prevailing downward trend. For this to materialize, price must decisively break below the $0.04500 demand zone, confirming bearish dominance and paving the way for further decline.
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‎Meanwhile, the daily Relative Strength Index (RSI) shows price gradually approaching the overbought region, hinting that bullish momentum may be nearing exhaustion. As price moves closer to the upper boundary of the symmetrical triangle—coinciding with this RSI reading—there is an increasing likelihood of a bearish reversal emerging soon.

‎ZKUSD Medium-Term Trend: Bullish

‎On the 4-hour timeframe, a short-term bullish structure is evident within the broader bearish outlook. Price action reveals the formation of an inverse head and shoulders pattern alongside a series of higher highs, both of which suggest a temporary bullish phase. This localized uptrend represents the current corrective movement within the larger bearish framework.
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‎However, the 4-hour RSI indicates that price is rejecting off the oversold region, hinting at the beginning of a minor bearish retracement. This pullback is likely a liquidity sweep designed to gather strength before price attempts to retest the upper boundary of the symmetrical triangle on the daily chart. Unless price manages to sustain momentum beyond this resistance, the broader bearish trend remains intact.

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