‎ZKSync (ZKUSD) Reclaims Bullish Momentum as Bearish Pressure Weakens

‎ZKUSD Market Analysis- April 29

‎‎ZKSync (ZKUSD) has staged a bullish reversal, breaking above a key descending trendline and signaling a potential shift in market momentum. ‎‎

‎ZKSync Key Levels

‎Support Levels: $0.04000, $0.09050
‎Resistance Levels: $0.14200, $0.19300

‎ZKUSD Long-Term Trend: Bullish‎

‎Following a major high recorded in December 2025, ZKSYNC (ZKUSD) experienced a sustained bearish trend. This downtrend was confirmed when the price established a lower low, which subsequently led to a series of consecutive lower lows, reinforcing the bearish momentum.
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‎One of the key support levels during this decline was the $0.09050 demand zone. However, bearish pressure remained strong, and the price plunged through this level with minimal resistance, paving the way for further declines.
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‎Recently, a significant shift has occurred: ZKSYNC has broken above the established bearish trend line, signaling a potential reversal. This breakout is further validated by bullish indications from the daily Relative Strength Index (RSI) and the daily Moving Average, both of which are now supporting upward momentum finalizing the bullish crypto signal.

‎ZKUSD Medium-Term Trend: Bullish‎

‎On the 4-hour timeframe, ZKUSD continues to exhibit bullish characteristics, with price action maintaining higher highs and higher lows. However, the current market behavior indicates a brief consolidation phase. The latest upswing has formed a failed high, suggesting an impending pullback.
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‎The RSI on the 4-hour chart also supports this outlook, showing overbought conditions and signaling a possible retracement. A dip below the 0.5 Fibonacci level is likely before the next bullish continuation. This pullback may offer traders an opportunity to re-enter the market at more favorable levels.

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