‎ZKUSD Faces Renewed Selling Pressure as Bearish Trend Dominates

‎ZKsync Market Analysis- September 16

‎ZKUSD has shifted into a firm bearish trajectory as sellers reclaim dominance, signaling heightened downside risk in both the long-term and medium-term outlooks.

‎ZKUSD Key Levels

‎Support Levels: $0.04900, $0.03700
‎Resistance Levels: $0.6500, $0.08000

‎ZKUSD Long-Term Trend: Bearish

‎ZKSYNC has reversed into a bearish phase after reaching the daily order block, effectively ending the previously sustained bullish momentum. Earlier, price rejected off the $0.03700 demand level and staged a significant bullish recovery, even breaking through the $0.06500 supply level. This initial rally sparked expectations of a potential bullish reversal.
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‎However, the breakout at $0.06500 activated the daily bearish order block, which has since guided the market into its current downtrend. This shift has invalidated any prospects of a sustained bullish reversal, reinforcing the probability of continued bearish pressure.
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‎Adding weight to this outlook, the daily Relative Strength Index (RSI) reflects declining price strength, further confirming the bearish momentum. From here, price is expected to breach the $0.04900 level and target a deeper move toward $0.03700, with potential to extend below that level if selling persists.

‎ZKUSD Medium-Term Trend: Bearish

‎On the 4-hour timeframe, bearish sentiment is more pronounced, with price currently testing the trendline resistance and preparing for the next leg lower. While the RSI hovers near the oversold region, suggesting a possible short-term bullish retracement, this move is likely to be corrective.
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‎The 4-hour structure supports this view, as any minor bullish pullback is expected to reactivate the 4-hour bearish order block before resuming the broader bearish continuation. Ultimately, the medium-term outlook aligns with the long-term bias, projecting further downside toward the trendline support zone.
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