ZKSYNC (ZKUSD) Signals Bullish Reversal After Prolonged Bearish Trend

ZKsync Market Analysis- June 10

ZKSYNC (ZKUSD) is showing strong signs of a potential bullish reversal after months of sustained bearish pressure, signaling a possible shift in market sentiment and trend direction.

ZKUSD Key Levels

Support Levels: $0.08100, $0.04000
Resistance Levels: $0.11000, $0.15300

ZKUSD Long-Term Outlook: Bearish

ZKUSD has been entrenched in a strong bearish trend since December 2024, marked by consistent formation of bearish candles. This downward pressure intensified when the price breached the $0.11000 support level, effectively breaking the major low established in late 2024.

Following this critical breakdown, the market extended into uncharted lows, ultimately reaching the $0.04000 demand level. At this level, bullish interest re-emerged strongly, propelling ZKUSD to a high of $0.08100. However, this upward move was met with resistance, triggering another selloff.

The price fell to $0.04000 later, forming a traditional double bottom pattern that is frequently used to predict a bullish reversal. Confluence is provided by the daily Relative Strength Index (RSI), which indicates growing bullish momentum and supports the notion of an impending upside reversal.

ZKUSD Medium-Term Outlook: Bullish

On the 4-hour chart, price action reveals the formation of a bullish leg characterized by fractal structure, which has slightly breached a descending trendline resistance — a promising sign of trend reversal.

Currently, the 4-hour RSI shows ZKUSD in the overbought territory, suggesting a short-term pullback may be imminent. This expected retracement is likely to find support around a nearby 4-hour order block zone, which could act as a springboard for the continuation of the emerging bullish trend.

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