ZKUSD Price Forecast: Buyers Regain Momentum, Push Towards $0.13590

ZKUSD Price Forecast – October 7

The ZKsync price forecast indicates a strong rebound as buyers counter bearish sentiment, driving the price toward the significant $0.13590 level.

ZKUSD Long Term Trend: Bullish (1-Day Chart)
Key Levels

Support Levels: $0.11580, $0.13000
Resistance Levels: $0.13590, $0.15400
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ZKUSD buyers have shown strength this month, lifting the market after a reversal from the $0.11580 support level, the lowest point for ZKUSD so far. Last month, sellers dominated, pushing the price down from a high of $0.15400.

ZKUSD Price Forecast: ZKUSD Outlook

Buyers are now setting the stage for potential gains, aiming to establish a solid position above $0.13590. Following a significant downturn, ZKUSD is showing signs of recovery as buyers rally. A breakthrough above the $0.13590 level could boost buyer confidence, potentially triggering a breakout in the days ahead.

Currently, the Parabolic SAR indicator shows a downward trend, with dots appearing above the price, signaling that bearish sentiment has not yet fully reversed. The Moving Average crossover has also yet to confirm a clear bullish reversal, requiring buyers to maintain their efforts.

The outlook for the ZKUSD coin suggests a potential continuation of the upward trend, provided buyers successfully breach the $0.13590 resistance level. Recent price action reflects a strong response from buyers who are seeking to regain control after a month of bearish activity. A breakout above this level could lead to further gains, potentially reaching the $0.15400 high observed last month.

ZKUSD Medium Term Trend: Bullish (4-hour Chart)

On the short-term timeframe, ZKUSD buyers are making significant strides, pushing back after recent declines. The Parabolic SAR indicator is beginning to trend upward, and the Moving Average crossover serves as a support level, reinforcing the bullish momentum.
.13590" width="580" height="250" data-lazy-src="https://learn2.trade/wp-content/uploads/2024/10/ZKUSD-4HRS-1-1024x441.png"/> The current setup indicates that buyers are gradually gaining ground and may be positioning for another breakout. If they can maintain control above the $0.13590 level, they could push the price higher, testing levels closer to $0.15400. Monitoring crypto signals during this phase could provide valuable insights for potential trading opportunities.

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