‎ZKUSD Extends Bearish Momentum as Sellers Target Key Demand Levels

‎ZKsync Market Analysis- November 18

‎ZKSYNC continues to face strong downside pressure as sellers maintain control across major timeframes, reinforcing the dominance of the broader bearish trend.

‎ZKUSD Key Levels

‎Support Levels: $0.04560, $0.01800
‎Resistance Levels: $0.07300, $0.09290

‎ZKUSD Long-Term Trend: Bearish

‎ZKSYNC has resumed its broader bearish trend despite the notable bullish recovery seen in early November 2025. Before this temporary upside, price action was characterized by a consistent formation of lower lows throughout the year. By October, the market formed a failed low pattern that triggered a sharp bullish correction.
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‎This corrective move initially hinted at a potential bullish reversal, especially as price approached the $0.07300 supply zone with attempts to break through. However, buyers were unable to sustain momentum, and the failure to decisively breach this level allowed sellers to regain control, driving price back into a bearish structure.
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‎Currently, ZKUSD is trading below the daily Moving Average, reinforcing the dominant bearish bias. Price is now heading toward the $0.04560 demand zone, with expectations that this level may fail under persistent selling pressure. A clean break of $0.04560 would likely open the path toward the next major support at $0.01800.

‎ZKUSD Medium-Term Trend: Bearish

‎On the 4-hour timeframe, bearish structure remains clearly intact. The $0.07300 supply zone once again acted as a strong ceiling, generating a failed high pattern that signaled renewed bearish continuation.
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‎Recent price action shows the formation of a lower high just above the $0.04560 demand level, increasing the likelihood of a breakdown. Once this demand zone is breached, ZKUSD is expected to continue its descent toward the $0.01800 level. Any bullish movements during this period should be viewed as short-term retracements within the prevailing bearish trend.
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