ZKsync Price Forecast: December 19
The ZKsync price is on the verge of more growth as the bulls initiate another uptrend with the potential to break critical resistance levels. The coin price will grow more. Therefore, if buyers can put more effort into their tension, the coin price may swing to the $0.280 upper resistance level could be achieved.
Key Levels:
Resistance Levels: $0.213, $0.214, $0.215
Support Levels: $0.133, $0.132, $0.131
ZKUSD Long-term Trend: Bearish (4H chart)
ZKUSD depicts a bearish posture and is on the verge of more growth. The price seems to have pulled back a little, but the overall trend is still bearish in its long-term outlook. The price is below the EMA-50, indicating a downward momentum and the high impact of sellers in the market.
The sustained bearish pressure to a $0.211 support level in the previous session has made the ZKsync price remain on the verge of more growth below the supply trend levels in its recent correction. Hence, the crypto market is oversold and is on the verge of more growth.
A rise to a $0.214 high level below the EMA-50 as a pullback shortly after the 4-hourly chart opens today affirms the returns of the long traders into the market. Thus, the price of ZKUSD is on the verge of more growth as the bulls anticipate further growth if they can redouble their efforts and push above the current supply level.
Further, if the bulls could trigger their forces in the market, the coin price may experience more growth to retest the previous high of $0.273, resulting in a high recovery potential for the coin buyers.
In conclusion, the ZKsync pair is on the verge of more growth as the market indicates, and remains upward on the daily stochastic, implying that the selling pressure is not likely again.
As a result, the bullish corrective pattern may extend to the $0.280 high mark in the days ahead as the token price remains on the verge of more growth in its long-term perspective.
ZKUSD Short-term Trend: Bearish (1H chart)
On the 1-hour chart, the ZKUSD pair is showing a downward movement and remains on the verge of more growth. This is clear as the new correction phase begins below the supply levels.
The price of ZKsync is on the verge of more growth as the crypto price rebounded to a $0.214 high mark below the EMA-50, shortly after the commencement of today’s 1-hour chart.
Thus, if a renewed surge in buyers’ interest occurs and the coin price closes above the $0.246 resistance level, the post-retest rally may surge to hit a crucial level at the upper resistance level, reflecting a sharp correction among the coin investors.
Furthermore, the ZKUSD pair is on the verge of more growth as the price indicates an uptrend on the daily stochastic. In light of this, the emergence of buyers is crucial at this point to drive the coin price towards the $0.280 resistance value in the days as it is poised for more growth in its short-term outlook.
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