ZK/USDT Daily Update: Trendline Breakout in Play
$ZK just smashed through a long-term descending resistance, signaling a potential shift from bearish to bullish. The breakout candle is massive, up +34%, showing strong buying momentum. This marks the end of consolidation since November, with buyers finally taking control.
Support: $0.02246, strong base from Dec–Jan.
Immediate Resistance: $0.03857, first major test for the bulls.
Secondary Target: $0.06533, next structural resistance if momentum continues.
A daily close above the trendline confirms the breakout.
Expect a possible retest of the breakout line within 1–3 days.
Entering right now carries risk of short-term pullback, as early buyers may take profits.
Trend: Reversing (Bearish → Bullish)
Volume: High (implied from candle size)
Price Range Potential: +62% to first resistance