ZKsync Price Forecast: October 29
The ZKUSD price is poised to grow more and a breakout is imminent as the crypto struggles to reclaim position near the resistance levels. The asset price movement shows that the price will grow more. Therefore, if the daily candlestick closes above the $0.151 supply mark, the correction phase will extend to meet the resistance at the $0.160 trend line, boosting investors’ optimism for ZKsync’s breakout.
Key Levels:
Resistance Levels: $0.135, $0.145, $0.155
Support Levels: $0.117, $0.116, $0.115
ZKUSD Long-term Trend: Bearish (4H chart)
ZKUSD rebounded after its massive drops to grow more and a breakout is imminent as the pair begins to gain traction to the resistance levels in its long-term outlook. The coin price is trending below the moving average, indicating a bearish trend. The high order flow from the bears to a $0.126 low value in the last session has added to ZKsync’s bearishness. 
However, the pair is prepared to grow more, and a breakout is imminent as coin investors begin the new corrective moves. The current price of the ZKUSD pair at the $0.130 high level below the EMA-50 as the 4-hourly session opens today indicates the price will grow more and a renewed interest among the coin investors.
The buy traders can grab this short bullish upswing to the resistance, but the fate of ZKUSD’s near future price depends on the range breakout.
Adding to this, the coin price might grow more, and a breakout is imminent if the support level holds; this will enable buyers to take the ZKsync price to its previous high at $0.151 and extend further to meet the $0.160 upper high level in the days ahead as the coin price suggests to grow more in its higher-term perspective.
ZKUSD Short-term Trend: Bearish (1H chart)
The ZKsync price is poised to grow more while a breakout is imminent as the pair begins its journey up north in its short-term perspective. The prices are below the moving average line, indicating a bearish trend. 
Sellers’ actions to a low of $0.126 value in the past session have dropped the ZKUSD price below the supply levels in its recent high. Meanwhile, the price is about to break out and grow more as the bulls have just resumed their bullish race.
Earlier today, the ZKsync price rose to a high at $0.130 below the moving averages, suggesting the crypto price will grow more and a breakout is imminent.
However, with sustained and increased investors’ enthusiasm, the coin price could break to reach as high as the $0.151 barrier level, creating a strong area of interest for buyers.
Hence, the ZKsync price pointing upwards on the daily stochastic implies that the price will grow more, and a breakout or further upside is imminent. It is therefore expected that the buy investors will move the price action up and may likely hit the $0.160 supply level in the coming days in its short-term outlook.
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