‎ZKUSD Bullish Momentum Strengthens After Key Reversal Patterns

ZKsync Market Analysis – October 1

‎ZKUSD has recently displayed strong technical signals pointing to a shift in market sentiment, with multiple reversal patterns confirming a recovery in bullish momentum.

‎ZKUSD Key Levels

‎Support Levels: $0.05700, $0.04300
‎Resistance Levels: $0.6800, $0.08150

‎ZKUSD Long-Term Trend: Bullish

‎ZKSync has experienced a bullish reversal, forming a reverse head-and-shoulders pattern that resulted in a higher high structure. This temporary breakout allowed price to surpass the $0.06800 demand level before sellers stepped in to push the market lower.
‎
‎The bearish leg extended below the $0.05700 demand level, approaching the $0.04300 zone. However, before reaching that level, price established a double bottom formation—an established bullish reversal pattern—that effectively halted the sellers’ decline. This triggered renewed buyer strength, setting the stage for a fresh bullish momentum.

‎The daily Relative Strength Index (RSI) further supports this recovery, showing price rallying from the oversold region and signaling strengthening buy pressure. Currently, ZKUSD is attempting to reclaim the $0.05700 demand level, with buyers targeting the $0.06800 supply level once again.

‎ZKUSD Medium-Term Trend: Bullish

‎On the 4-hour timeframe, the early phase of this bullish momentum is evident. A clear market structure shift has occurred, followed by upward price continuation, confirming the medium-term bullish outlook.
‎
‎However, the 4-hour RSI has entered the overbought region, suggesting a potential short-term retracement. Rather than signaling trend exhaustion, this move is likely to represent a corrective pullback toward the 4-hour order block before buyers reassert control and drive price higher.
‎
‎‎Make money without lifting your fingers: Start using a world-class auto trading solution 

Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset, product, or event. We are not responsible for your investment results.