ZKsync Price Forecast: November 19
Today, the ZKUSD price is experiencing a remarkable price rally. The price targets $0.170, amidst market corrections. The coin has seen a significant bullish trend in the past few hours, gaining investors’ confidence and showcasing potential for new all-time highs. The coin price may likely continue with the high hike provided buyers don’t give up their buying momentum in the market. Thus, the next price target to watch out for could be the $0.170 upper high level, signaling strong investors’ confidence.
Key Levels:
Resistance Levels: $0.152, $0.153, $0.154
Support Levels: $0.115, $0.114, $0.113
ZKUSD Long-term Trend: Bullish (4H Chart)
Despite the inflows from the sell traders, ZKsync’s price targets the $0.170 high mark amidst broad market corrections in its long-term outlook.
The price bars can be seen above the EMA-50, confirming its bullishness. The bulls could not stop investing in the coin, so the general sentiment regarding the coin is bullish.
The buying pressure on ZKsync to the $0.150 resistance level in the previous action has enabled the crypto price to target the upper high level and retain its upward growth in its recent high.
After completing the dip-lows by sellers at the $0.142 support value, an additional effort was added by the bulls amidst broad market corrections and drove the ZKUSD price jumped to a $0.152 high mark above the EMA-50 as the 4-hourly chart opens today, suggesting an uptrend and as well as an indication that traders are really responding to the price actions in the market.
Therefore, if the bulls should increase their tension in the market, a breach above the $0.162 peak level is possible soon, strengthening buyers’ grip on the asset.
Hence, the market is pointing upwards on the daily stochastic; this will quicken the emergence of more buyers to move the price of ZKUSD up to a significant level at the upside and this might hit the $0.170 supply trend mark, thus registering a buy signal for the coin traders as the coin price targets the upper resistance level amidst broad market corrections in its higher time frame.
ZKUSD Short-term Trend: Bullish (1H Chart)
The ZKsync market also trades in a bullish trend market and targets the $0.170 high level amidst broad market corrections in the medium-term outlook. The sustained bullish pressure to the $0.148 high level in the previous action has led to the coin’s recent high. 
The bulls made an aggressive move to the $0.151 resistance level above the EMA-50 shortly after the 1-hourly chart opened today, making it possible for the coin to rise further.
Therefore, trading above the moving averages will enable the market value of ZKUSD to keep pushing up amidst broad market corrections.
In addition, the daily stochastic indicates an uptrend, if the bulls should add more aggression to their activities in the market; the $0.170 resistance level might be the target soon amidst broad market corrections in its medium-term perspective.
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