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ZKsync Market Analysis – April 9
ZKUSD price continues to exhibit strong bearish momentum across both the daily and medium-term charts, with sellers maintaining firm control over the market.
ZKUSD Key Levels
Support Levels: $0.06570, 0.04540
Resistance Levels: $0.11360, $0.08950
ZKUSD Long-Term Trend: Bearish (Daily Timeframe)
Following a significant breakdown below the $0.11360 support level, ZKUSD entered a consolidation phase that eventually led to a clear bearish break of structure. This confirmed the continuation of the downward trend. The price further plunged below $0.08950 and initially found temporary support around $0.06570.
Although a minor bullish reaction emerged at $0.06570—driven by an oversold condition on the Relative Strength Index (RSI)—this movement failed to sustain, as price faced rejection near a nearby bearish order block. This marked the beginning of a new bearish wave, which resulted in a break below the $0.06570 demand level.
Currently, the price is approaching the $0.04540 support zone, with the daily Moving Average trending above the price, reinforcing the bearish crypto signal. Despite the RSI lingering in oversold territory, there is still no confirmation of a bullish reversal. Unless significant bullish price action emerges, Zksync is expected to breach the $0.04540 level, continuing its depreciation.
ZKUSD Medium-Term Trend: Bearish (4H Timeframe)
The bearish structure remains intact on the 4-hour chart as well, with the price trading consistently below the $0.06570 resistance. After the latest leg downward, a minor bullish correction occurred, supported by the RSI exiting the oversold zone. However, this move was short-lived, forming a failed high that reinforced bearish dominance.
Sellers have continued to drive momentum with strong bearish candlestick formations, suggesting that the downtrend is still in motion. With the absence of any meaningful bullish strength, ZKUSD is on course to break below the $0.04540 support level in the coming sessions.
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