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ZKsync (ZKUSD) Makes a Buy Trade Set-up at $0.171 Price Level

Johnathon Fox
11/28/2024 | UPDATED ON: 11/28/2024

ZKsync Price Forecast: November 28

The ZKUSD pair makes a buy trade set-up at the $0.171 price level as it witnessed a substantial increase in its value over the past few hours, marking a robust bullish trend. The coin is witnessing a renewed recovery sentiment among investors. If the coin price could sustain above the pattern supply trend line at the 0.180 level, the price may trigger up to the overhead resistance mark at the $0.190 level, attracting more buyers.

Key Levels:
Resistance Levels: $0.171, $0.172, $0.173
Support Levels: $0.133, $0.132, $0.131

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

The ZKUSD pair makes a buy-trade set-up at the $0.171 price level as it moves slightly above the resistance level in the long-term perspective. The coin price makes a buy-trade set-up while trading above the EMA-50, indicating a bullish trend.
ZKsync (ZKUSD) Makes a Buy Trade Set-up at $0.171 Price Level
The bulls caused a rise to the $0.165 supply level above the moving averages in the last session and enabled the coin price to remain in an uptrend in its recent price level.

Today the ZKsync market makes a buy trade set-up at the $0.171 resistance level above the moving average line, confirming the bulls’ dominance in the market and fueled the release of more buy investors into the market, prolonging the upward correction.

Hence, an upside breakout above the $0.180 mark with a 4-hour candle closing will offer buyers a solid foothold to push the ZKUSD price higher, offering a good entry opportunity for coin buyers.

Further, the ZKsync price may continue and remain to make a buy trade set-up as suggested by the daily stochastic pointing in an upward direction. In light of this, the coin price may get to the $0.190 upper resistance trend mark soon in its long-term outlook.

ZKUSD Short-term Trend: Bullish (1H chart)

On the 1-hour chart, the ZKUSD pair makes a buy trade set-up as it remains in a robust bullish market zone. The price currently trades above the EMA-50, making higher highs and moving towards the upper resistance area.
ZKsync (ZKUSD) Makes a Buy Trade Set-up at $0.171 Price Level
The high bullish impact on crypto at the $0.165 high level in the past action has contributed to its buy trade set-up in its recent high.

At press time today, the Bull Run caused the price of ZKsync to rise and made a buy trade set-up to a high above the moving averages at the $0.171 level. This current trend will allow the price to remain in the positive territory and rise or break out to the positive territory.

Thus, a possible breakout from the $0.180 neckline will accelerate the buying momentum and push the prices to hit a significant level at the overhead territory, bolstering more buying pressure on the crypto to the upper resistance levels.

Additionally, the price of ZKsync pointing upwards on the daily stochastic suggests the buy trade set-up may continue and move the price action to hit the $0.180 upper resistance level soon as the coin price suggests a buy trade set-up in its short-term perspective.

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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.

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