ZKsync Price Forecast: December 24
The ZKsync pair begins its bullish momentum, showcasing investors’ confidence driving potential growth. The coin price is in an attempt to achieve the next upward rally as it faces crucial resistance levels. Thus, if all support levels hold and resistance breaks out of the $0.246 level, we can see a further change in the price to retest the $0.273 high value. The ZKUSD price may surge as high as the $0.300 upper resistance level, hitting a robust upward trajectory.
Key Levels:
Resistance Levels: $0.256, $0.257, $0.258
Support Levels: $0.150, $0.149, $0.148
ZKUSD Long-term Trend: Bearish (4H Chart)
Despite minor corrections, the ZKUSD pair begins its bullish momentum, supporting recovery optimism for potential growth in its long-term outlook. The coin price is going up below the supply levels after massive drops, indicating a bearish trend. 
The price of the cryptocurrency has fallen below the supply trend lines as a result of the bears’ pressure in the last session. However, it appears like the bulls are set to take control and drive us upward, as it begins its bullish momentum.
The ZKsync price responded to the shift in the market structure and is currently below the moving averages at the $0.183 resistance value as the daily chart opens today, indicating the token has just begun its bullish momentum. Further increase in the buying pressure will invalidate any further bearish thesis.
A strong push by the long traders above the $0.273 previous high point with a 4-hour candle closing could signify a shift in the market dynamics. Such a breakthrough would provide an opportunity for buyers to regain control and potentially drive the price of ZKUSD toward the upper resistance levels.
Additionally, the daily stochastic suggests an uptrend, As a result, the ZKsync bullish momentum may continue and may soon result in the $0.300 resistance trend line or higher as it begins its bullish momentum in the long-term forecast.
ZKUSD Short-term Trend: Bullish (4H Chart)
The ZKUSD market portrays a bullish trend as it begins its bullish trend, following an increase in buyers’ interest in the coin in its short-term view. The crypto price is above the supply levels, indicating a bullish trend.
The sustained bullish pressure at the $0.180 value in the past few hours has made the cryptocurrency price remain above the supply trend levels as it begins its bullish momentum at its recent price level.
The price of ZKUSD is moving upwards at the $0.181 supply value above the EMA-50 despite the sell traders’ movements as the 1-hourly chart opens today. Hence, maintaining above the moving average will allow the coin to rise higher, resulting in an intraday gain for the coin buyers.
Notably, the ZKsync market is currently trending upward as shown by the daily stochastic. In light of this, it is anticipated that the bulls will swing the coin price upward and may eventually hit the $0.300 supply value in the next few days as it begins its bullish momentum in its lower-term perspective.
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