ZKsync Price Forecast: December 5
ZKsync pair is increasing towards the $0.250 resistance level amid the ongoing bull market, showing impressive gains. However, if buyers exert more force into the price action, the coin price might surge above the $0.230 current high mark and trend towards the $0.250 upper resistance level. Thus, a clear buy signal and intraday gain for the coin buyers.
Key Levels:
Resistance Levels: $0.230, $0.231, $0.232
Support Levels: $0.155, $0.154, $0.153
ZKUSD Long-term Trend: Bullish (4H chart)
ZKsync’s price is increasing towards the upper resistance channel and remains in a bullish trend market in its long-term view. Meanwhile, the bulls are ready to take over and push us higher. There are multiple possible targets at this point; either way, the pair looks quite bullish here.
The sustained bullish move to the $0.225 supply value in the last session has enabled the coin price to stay above the trend line and remain firm in its recent high.
The ZKUSD price level above the moving averages at the $0.230 high mark as the 4-hourly chart opens today, indicates that investors are actively buying at this level.
A possible breakout from the $0.230 high level will attract more buyers to push the potential toward the upper resistance channel for higher gains.
Similarly, the market is pointing upwards on the daily signal, suggesting the emergence of more buyers to increase the crypto price to a high level at $0.250, and this might increase towards the $2.50 upper resistance trend mark soon in its higher time frame.
ZKUSD Short-term Trend: Bullish (1H chart)
On the 1-hour chart, the ZKUSD pair is increasing towards the upper channel due to high inflows from the coin buyers. The price is moving towards the upper resistance above the converging trend lines, denoting a bullish trend and a rise in volatility.
The high bullish impact on crypto at the $0.225 high level in the past action has contributed to its increase towards the upper resistance in its recent high.
Despite market fluctuations, ZKsync’s price surges to a $0.230 supply mark above the EMA-50, as it continues to show resilience driven by strong momentum and increases toward the upper resistance area.
Thus, a possible breakout from the $0.230 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, if ZKUSD buyers could hold above the $0.230 high mark and close a candle, closing above the mentioned resistance will signal a potential BUY. As a result, the price could increase towards the $0.250 upper resistance value soon in its short-term outlook.
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