ZKsync Price Forecast: November 14
ZKUSD price rises today again, retarding the bearish moves, as it recovers with the entire crypto market gaining about 3.8% in the past 24 hours. The crypto remains in an uptrend and is trading close to the upper resistance area. Thus, if the coin closes above the current level at the $0.156 high mark, the accelerated buying pressure may increase the coin price to reach the $0.170 upper resistance level, triggering a flurry of interest among investors.
Key Levels:
Resistance Levels: $0.155, $0.156, $0.157
Support Levels: $0.137, $0.136, $0.135
ZKUSD Long-term Trend: Bullish (4H chart)
Despite the inflows from the sell traders, the ZKUSD price rises while retarding the bearish moves as upward pressure dominates the higher time frame. The upward trend will likely continue, but the pair looks quite bullish here.
The coin has been trading above the supply levels, making it easier for the price to rise and remain in an uptrend in its recent high.
Today, the ZKsync buyers are retarding bearish moves as the crypto price rises to a $0.156 resistance level above the EMA-50, implying an uptrend and also showing the bulls are buying the coin at this level. Thus, more upsides are possible as buyers remain clustered around the market.
Therefore, a bullish breakout from the current resistance could trigger the recovery pattern and drive the prices of ZKUSD higher to hit the $0.162 supply value.
Additionally, under the influence of this market level, the ZKsync price could rise steadily and break above the $0.156 current supply level to reach the $0.170 upper resistance level soon as we watch the crypto market rises, retarding bearish moves in the long-term perspective.
ZKUSD Short-term Trend: Bullish (1H chart)
On the 1-hour chart, the ZKsync prices are above the moving averages, retarding the bearish moves, and have confirmed a bullish momentum breaking the previous high. The ZKUSD pair is in a smooth uptrend.
The sustained bullish pressure to a $0.150 high level in the previous action has led to the coin price retarding bearish moves in its recent high.
Today, the current price of ZKsync rises to a $0.156 high level above theEMA-50, retarding the bearish move as the 1-hourly chart resumes.
The market is reacting to this pattern, and its breakout should provide a good buy entry opportunity for coin buyers. Hence, the investors buying at this supply can expect sustained growth above the $0.164 resistance
level.
Currently, the price signal is pointing upwards, indicating a bullish move; in this case, the price of ZKUSD could jump up to hit the $0.170 supply mark sooner as it rises, retarding the bearish moves in its medium-term outlook.
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