ZKsync Price Forecast: November 7
The ZKUSD pair is poised for a significant breakout as the price has recently seen a sudden surge, following a few hours of decline as it recovers, with the entire crypto market gaining about 1.02% in the past 24 hours. The coin gave a bullish breakout from the $0.119 level, suggesting the buyers are making a recovery attempt. Thus, if the crypto’s price sustains above the $0.152 high level, the potential rally could surge to hit the $0.160 resistance level and beyond, offering a buying opportunity for coin investors.
Key Levels:
Resistance Levels: $0.118, $0.119, $0.120
Support Levels: $0.108, $0.107, $0.106
ZKUSD Long-term Trend: Bearish (4H chart)
ZKUSD is poised for a significant breakout as it rebounded after its massive drops. The coin price may continue rising amid broader market corrections as it journeys to the north in its long-term outlook. 
At the writing time, the ZKsync rebounded from $0.116 to a high of $0.119 below the EMA-50 as the 4-hourly chart resumes today, indicating the coin price is poised for a significant breakout.
Meanwhile, if the bulls could prove harder and add more intention to their buying pressure, the ZKUSD price might drive towards its all-time high of $0.152, bolstering the new recovery to a higher level.
Additionally, the momentum indicator highlighting indicates that the price of ZKsync is poised for a significant breakout as it remains in an uptrend on the daily signal and might head to the $0.160 supply level and beyond in the days ahead as it is poised for a significant breakout in the higher time frame.
ZKUSD Short-term Trend: Bearish (1H chart)
The market price of ZKUSD is currently trading in the bearish market and poised for a significant breakout as it begins its new corrective move. The crypto price is trending below the supply levels, indicating a bearish trend.
The previous action by the short traders to a $0.111 low level has dropped the ZKsync price below the supply trend lines in its recent high.
Today, the ZKsync buyers’ corrective rally at a $0.119 high level below the moving averages shortly after the 1-hourly session opens, suggests that the crypto is poised for a significant breakout.
Hence, if the bullish pattern persists, the recovery rally could break above the $0.144 resistance pattern, offering a good entry point for coin buyers.
Further, the ZKUSD price is an uptrend on the price indicator, suggesting the crypto price is poised for a significant breakout and a bullish continuation pattern. As a result, the bullish race might head to the $0.160 resistance level in the coming days as it is poised for a significant breakout in its short-term outlook.
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