ZKP fell 11.3% this week to $0.0827, with trading prices below all moving averages, and an RSI of 28.7 indicating oversold conditions.
Smart money flow: Short positions account for as much as 79%, and 96% of shorts are profitable, which has triggered a higher risk of liquidation above $0.0910.
Whale divergence: The derivatives market is experiencing significant sell-offs, while on-chain data shows that whales are systematically accumulating through small orders.
Support level observation: The key support level is at $0.0820; if this level is broken, it could trigger a chain reaction of declines, and the trading volume indicates weak institutional interest.
Technical weakness continues
Price trend: The trading price of ZKP is $0.0827, with a weekly decline of 11.3%, currently testing short-term support at $0.0820, while the resistance at $0.0850 remains solid.
Technical indicators: RSI is at 28.7 (oversold), MACD is still negative; the price continues to be below the 7-day, 25-day, and 99-day exponential moving averages, further confirming the bearish trend.