ZKSync Price Forecast: October 1
Amidst the recent market fluctuations, ZKUSD’s price is actively expanding and increasing towards the $0.160 resistance level. If the buying pressure persists, the crypto price may hint at a 5% increase, retesting the $0.153 resistance and extending to reach the $0.160 upper resistance levels, indicating an intraday gain and an accumulation zone for coin investors.
Key Levels:
Resistance Levels: $0.150, $0.155, $0.160
Support Levels: $0.108, $0.107, $0.106
ZKUSD Long-term Trend: Bullish (4H chart)
Amidst the recent upsurge in the market, ZKSync showcases a notable rise, increasing towards the upper resistance levels, and remains in a bullish trend market in its long-term view. The coin price is trending towards the overhead resistance above the moving average line, indicating a bullish momentum.
The sustained bullish move to the $0.145 supply value in the previous session has made it possible for the coin to keep increasing and remain stronger in an upward growth in its recent high.
At the writing time, the ZKUSD price is increasing towards overhead resistance at the $0.146 level above the moving averages as the 4-hourly chart opens today; indicating that traders are actively buying at this level, accounting for a 2.7% gain and an increasing investment.
Thus, a possible breakout from the mentioned supply level will provide a higher float for buyers and prolong the ongoing recovery toward the overhead resistance.
Similarly, the market is pointing upwards on the daily signal; this will quicken the emergence of more buyers to move the price of ZKSync up to a significant level on the upside and this might increase towards the $0.160 upper resistance trend mark soon, as the coin price is rising towards the upper channel in its higher time frame.
ZKUSD Short-term Trend: Bullish (1H chart)
The ZKSync pair is increasing towards the overhead resistance and displaying a bullish momentum in its short-term perspective. The price bars are above the moving average moving towards the resistance level, indicating an upbeat trend.
The crypto price is above the supply levels in its recent high due to the increasing movement by the bulls towards the $0.143 resistance in the previous action.
Today, the ZKUSD price shows a slight movement above the EMA-50 at the $0.146 high level as it increases towards the upper high level, defying the current market uncertainty.
With sustained investors’ enthusiasm, the ZKUSD price prediction could increase toward the $0.153 resistance level, resulting in an intraday gain for buyers.
Additionally, if ZKSync buyers could hold above the $0.153 and close a candle, closing above the mentioned resistance will signal a potential BUY. As a result, the price could continue increasing towards the upper high mark to hit the $0.160 high value soon in its short-term outlook.
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