ZKP fell 11.3% this week to $0.0827, trading below all index moving averages, with an RSI of 28.7 indicating oversold conditions.
Smart Money Flow: Shorts account for as much as 79%, and 96% of short positions are profitable, which has created a high risk of a short squeeze above $0.0910.
Whale Divergence: The derivatives market is experiencing significant sell-offs, while on-chain data shows that whales are systematically building positions through small orders.
Support Level Observation: The key support level is at $0.0820; if it falls below this level, it could trigger a chain reaction of declines, and the trading volume indicates weak institutional interest.
Technical weakness continues
Price trend: ZKP trading price is $0.0827, with a weekly decline of 11.3%, currently testing the short-term support at $0.0820, while the resistance at $0.0850 remains firm.
Technical indicators: RSI is at 28.7 (oversold), MACD is still negative; prices continue to be below the 7-day, 25-day, and 99-day exponential moving averages, further confirming the bearish trend.
Capital flow: A net outflow of $18,300 in the past hour, with no large buy orders appearing, indicating sustained selling pressure and a lack of effective support in the market.
The short position ratio is extremely high
Position layout: Short positions dominate the market with a share of 79%, and the long-short ratio has dropped to 0.26, reflecting the increasing bearish sentiment among traders.
Profit risk: 96% of shorts are hesitant#ROPO @Fabric Foundation $ROBO
ROBOUSDTPerp0.01546+1.17%