ZKsync Price Forecast: October 10
ZKsync price might surge to retest the $0.153 high mark as it enters a new correction phase after hours of downturn. The coin is actively expanding and increasing towards the resistance level. This uptick emerges as buying pressure builds across the cryptocurrency market, affecting multiple digital assets. Therefore, if the bulls could trigger their actions in the market, the potential recovery could rise 5% and challenge the neckline resistance of $0.153, exposing the crypto price to reach the $0.160 upper high level and beyond, hinting at a robust recovery.
Key Levels:
Resistance Levels: $0.128, $0.129, $0.130
Support Levels: $0.108, $0.107, $0.106
ZKUSD Long-term Trend: Bearish (4H chart)
ZKUSD pair upsurge begins. The price might surge to retest the previous high mark as it trends slightly amidst significant holder growth in its long-term view. The coin price is trending slightly bearish towards the moving average line, indicating a bearish momentum.
The high order flow from the bears during the previous action also added to its bearishness. However, the bulls are about to take over and push us higher, while the price surge might soar higher to retest the previous resistance level. The ZKsync pair is recovering from the recent correction as fresh buying emerges near the supply level following the upward race.
The $0.128 correction level by the bulls beneath the EMA-50 as the 4-hour chart opens today might surge to retest the $0.153 high mark as it resumes a new bullish trend pattern.
The ZKUSD pair is undergoing a notable correction, suggesting the onset of a potential upward trend. If the bullish pressure persists, the coin price might surge to retest the $0.153 previous high barrier, marking a massive gain for the coin holders.
Having said that, if the bullish momentum persists, the ZKsync price might surge to reach the $0.160 upper resistance value in the days ahead, as the price surge is poised to retest the previous high in its higher timeframe.
ZKUSD Short-term Trend: Bullish (1H chart)
The ZKsync pair is trending towards resistance, and the price might surge to retest its previous high in its short-term perspective. The price bars are below the moving average, indicating a bearish trend.
The bears’ pressure on the currency pair in the past few hours has made it possible for the ZKUSD price to remain in a downward trend zone in its recent price level.
Today, the ZKsync bulls caused a notable rise to a $0.128 high mark below the resistance level, anticipating the price might surge to retest the $0.141 high mark as it undergoes a notable correction.
However, if the bullish pattern continues, the coin price might surge to retest the $0.141 previous barrier, footing the potential for a higher recovery.
Furthermore, the daily stochastic signals an uptrend, suggesting the ZKUSD price might surge to the overhead resistance, reaching the $0.160 upper resistance level soon in its lower time frame.
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