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ZKsync (ZKUSD) Price Is Going Up

Johnathon Fox
12/10/2024 | UPDATED ON: 12/10/2024

ZKsync Price Forecast: December 10

The ZKsync price is going up and could achieve significant gains as the price movement suggests a bullish continuation. The coin price might move higher above the current resistance level at $0.256. If buyers should exert more force into the price action in the market, the $0.273 high trend line might be retested soon. Thus a clear buy signal and intraday gain for the coin buyers.

Key Levels:
Resistance Levels: $0.256, $0.257, $0.258
Support Levels: $0.155, $0.154, $0.153

ZKUSD Long-term Trend: Bullish (4H Chart)

Despite minor corrections, the ZKUSD price is going up after massive drops in its higher time frame. The coin price is above the supply levels, reflecting rising market interest.
ZKsync (ZKUSD) Price Is Going Up
The crypto price is going up above the supply levels at its recent high due to the bulls’ sustained pressure at the $0.265 supply value in the previous action.

The ZKsync market structure shows the price is going up as the bulls pulled back to a $0.256 high level above the moving averages as the 4-hourly chart opens today, indicating that the traders are actively buying at this level.

A possible breakout from the mentioned supply level will provide a higher float for buyers and prolong the ongoing recovery for future gains.

Hence, with the ZKUSD price going up, we have a bullish bias that the crypto price will continue the bullish trend as the market indicates an uptrend on the daily stochastic.

Therefore, if the buying pressure should increase, there may be a potential rise in the ZKsync price and this might retest the previous high at the $0.273 supply level and extend the coin price to the $0.280 upper high trend line in the coming days in its long-term perspective.

ZKUSD Short-term Trend: Bearish (1H Chart)

The ZKUSD market portrays a bearish trend, but it has started going up, following an increase in buyers’ interest in the coin in its short-term view. The crypto price is below the supply levels, indicating a bearish trend.
ZKsync (ZKUSD) Price Is Going Up
The sustained bearish pressure at the $0.246 low value in the past few hours has made the cryptocurrency price remain below the supply trend levels at its recent price level.

The ZKsync price rebounded to a $0.256 resistance level below the EMA-50, shortly after the 1-hourly session opened today, indicating that the crypto price is going up amid market
correction, resulting in an intraday gain for coin investors.

Hence, the price is going up while it is pointing upwards on the daily signal; this will quicken the emergence of more buyers to move the price of ZKUSD up to a significant level on the upside and this might hit the $0.280 upper resistance trend mark as the coin market is going up in its lower time frame.

Place winning ZKsync trades with us. Get ZKUSD here.

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About Johnathon Fox

Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.

View all posts by Johnathon Fox →
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