‎ZKUSD Price Outlook: Bearish Continuation Despite Short-Term Pullbacks

‎ZKsync Market Analysis- September 23

‎ZKUSD remains under bearish pressure as the overall market structure favors sellers, with bullish rallies proving to be temporary retracements within a broader downtrend.

ZKUSD Key Levels

‎Support Levels: $0.03900, $0.02040
‎Resistance Levels: $0.6000, $0.08300

‎ZKUSD Long-Term Trend: Bearish

ZKSYNC continues its long-standing bearish cycle, with price resuming the downside after breaking below the bullish trend line. While April 2025 brought several phases of upward momentum, these bullish attempts failed to establish a sustainable reversal, as price consistently returned to form lower lows. This recurring behavior highlights the strength of sellers in maintaining control over the market.
‎
‎By late June, ZKSYNC showed signs of recovery as price created a series of higher highs, suggesting a possible shift in sentiment. However, this movement developed into a classic bearish flag formation, a pattern that often signals continuation of the dominant downtrend. As expected, the eventual breakdown from this flag confirmed that the overall bearish structure remained intact.
‎
‎The retest of the broken trend line further solidified bearish dominance, setting the stage for accelerated selling pressure. With the daily Relative Strength Index (RSI) nearing overbought conditions, the likelihood of renewed downward momentum remains high. This suggests that the market is preparing for another leg lower, leaving ZKUSD vulnerable to deeper declines in the coming sessions.

‎ZKUSD Medium-Term Trend: Bearish

‎On the 4-hour timeframe, the bearish outlook is clearly visible, with price action forming a fresh lower low after a retest of previous support. This structural movement confirms the continuation of the prevailing downtrend, reinforcing the long-term bearish narrative. Sellers remain firmly in control, and every failed recovery attempt has been met with renewed downward momentum.
‎
‎However, the RSI on this timeframe shows that price has dipped into oversold territory. This opens the possibility of a short-lived bullish retracement, likely targeting the 4-hour order block before the broader bearish trend resumes. Such a pullback would provide sellers with another opportunity to re-enter the market at discounted levels, ultimately aligning with the larger bearish trajectory.

‎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.