ZKsync Price Forecast: December 12
The ZKUSD price could hit the $0.273 resistance value amidst the recent market corrections. The coin is facing a new correction, and a possible breakout from this resistance will offer a higher footing for prices to bolster further price rallies. The price will likely continue its bullish correction and might go higher to retest its previous $0.273 resistance level, leading the crypto price towards the $0.290 upper high level. Hence, it is a big turnaround and a buy signal for coin investors.
Key Levels:
Resistance Levels: $0.225, $0.230, $0.235
Support Levels: $0.120, $0.115, $0.110
ZKUSD Long-term Trend: Bullish (4H chart)
The ZKsync price is poised to hit the $0.273 previous barrier amidst the recent market surge in its higher time view. The coin price is trending towards the overhead resistance above the moving average line, indicating a bullish momentum.
The bulls’ pressure on the currency pair in the past few hours has enabled the ZKUSD price to remain in an upward trend zone in its recent high.
The bulls hitting the $0.243 resistance value above the EMA-50 as the daily session opens today are a result of the currency pair’s high bullish impact.
Hence, staying above the supply levels indicates a strong possibility for a bullish correction. A strong breakup above the $0.273 resistance point would strengthen the bullish pressure, hitting the crucial levels at the upper resistance area.
However, the price of ZKUSD may rise further if the current support level at $0.219 holds. The price action may head to the $0.290 supply level and beyond in its long-term perspective.
ZKUSD Short-term Trend: Bullish (1H chart)
The ZKsync pair anticipates hitting the $0.273 previous barrier as it rallies towards the overhead head resistance in its short-term outlook. The coin price is increasing above the moving average line towards the overhead resistance, displaying a bullish momentum. 
The sustained pressure by the bulls to a $0.221 supply point in the last action has enabled the ZKsync price to hit above the resistance lines in its recent high.
The ZKUSD price at a $0.225 high value above the EMA-50 as the 1-hourly chart commences today is undeniably bullish as it anticipates hitting the $0.273 previous high point.
Hence, if the bulls increase their confidence in the ZKsync investment, the coin market could see another uphill trend by hitting the $0.290 upper resistance level, attracting big players to drive the coin price higher in its lower time frame.
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