ZK at $0.036: A Sharp Rebound After Pain, or Just a Survival Reflex?

Quick Summary

$ZK trades around $0.036 after a sharp rebound from the $0.020 zone. Relief is visible, but the broader downtrend shadow still lingers.

Technical

Current price: $0.036

Short/medium/long MAs: Short-term strength returned, yet long-term structure remains heavy.

RSI (4H): Strong rebound from oversold levels, momentum improving but unbalanced.

Immediate support: $0.030

Resistances: $0.042

Market Structure & Volume

Short-term capital stepped in aggressively. On-chain signals suggest reactive buying rather than strategic accumulation.

Trading Plan

Only risks:

High volatility post capitulation.

Overhang supply from trapped holders.

Whale distribution risk during rebounds.

Sentiment flips fast if price weakens.

Overall View

Relief bounce confirmed, trend repair still incomplete.