📌 Current Market Overview
Current Price: ~$0.0324
24H Change: +38% 🚀
24H High: 0.0373
24H Low: 0.0200
Category: Layer 2 | Top Gainer
Volume: Strong buying activity observed
ZK has shown a strong bullish move recently, followed by a natural pullback phase.
📊 Trend Structure (Daily Timeframe)
ZK experienced a sharp impulsive rally from the 0.02 zone to a high near 0.044.
After this move, the price entered a healthy correction, which is common after aggressive pumps.
📌 This pullback does not confirm a trend reversal yet — it looks more like profit-taking and consolidation.
Overall Structure:
➡️ Short-term: Consolidation
➡️ Medium-term: Bullish recovery
➡️ Long-term: Still under bearish pressure
📉 Moving Averages Analysis
MA(7): 0.0283
MA(25): 0.0322
MA(99): 0.0370
🔹 Price is currently testing the MA(25)
🔹 MA(99) remains a strong resistance
🔹 A daily close above MA(99) would confirm stronger bullish momentum
🔑 Key Support & Resistance Zones
🟢 Support Levels
0.0295 – 0.0300 (Strong demand zone)
0.0264 (Major support; breakdown could increase selling pressure)
🔴 Resistance Levels
0.0336 (Immediate resistance)
0.0370 – 0.0380 (Major resistance + MA(99))
0.0448 (Recent swing high)
📈 Volume & Momentum Insight
High volume during the breakout confirms strong buyer interest
Volume has cooled down, indicating market stabilization
Rising volume near support could trigger the next upward move
🧠 Market Sentiment
Early buyers booked profits after the rally
New buyers are watching support zones
Market sentiment remains cautiously bullish
🎯 Possible Scenarios
✅ Bullish Scenario
Price holds above 0.030
Breaks and closes above 0.0336
Targets: 0.037 → 0.044
❌ Bearish Scenario
Breakdown below 0.0264
Next downside targets: 0.024 → 0.020
📝 Final Thoughts (Binance Square Style)
ZK is currently in a cool-down phase after a strong rally. As long as the price holds key support levels, the structure favors a continuation move. Traders should watch volume and daily closes for confirmation.