ZKsync Price Forecast: November 26
ZKsync price surges amid market optimism. The coin price may increase to the $0.173 resistance level. The crypto’s upward trajectory mirrors the broader crypto market rally, showcasing notable gains across multiple digital assets. Should the bulls defend the selling pressure, an increase in the bulls’ momentum may break the resistance level at $0.173 and increase the ZKUSD price to a $0.180 upper high trend line, reflecting increased investors’ confidence in the asset.
Key Levels:
Resistance Levels: $0.165, $0.166, $0.167
Support Levels: $0.142, $0.141, $0.140
ZKUSD Long-term Trend: Bullish (4H Chart)
ZKUSD rebounded after its massive drops. The coin price may increase to the overhead resistance as investors’ grip on the coin remains firm as it journeys up north in its long-term outlook. 
The prices are trading above the EMA-50 due to the high impact from the buy investors. The high order flow from the bulls at the $0.161 supply levels in the last session also added to this bullishness.
However, on the 4-hourly chart today, there is a broader recovery in the prices. The ZKsync price jumped up to a $0.166 supply level above the EMA-50 as the bulls took to their stand to take the coin market to a higher level. Hence, staying above the EMA-50 indicates a strong possibility for an increased bullish correction.
A strong breakup above the $0.173 resistance point would strengthen the bullish pressure and increase the token price toward the upper resistance level.
Further, the ZKUSD price is in an uptrend on the daily signal, suggesting an increase in the crypto price; this forthcoming development may drive the crypto price to increase to a $0.180 upper resistance trend line in the days ahead as the coin price increases in its higher time frame.
ZKUSD Short-term Trend: Bullish (1H Chart)
ZKsync price may increase towards the overhead resistance as it remains pressured above the supply levels in the short-term outlook. 
The bulls’ activity at the $0.161 supply level in the last session has enabled the coin price to increase and remains strong above the supply trend line in its recent high.
The ZKUSD price increases to a $0.164 supply mark above the EMA-50 as the 1-hourly chart opens today, as it approaches the anticipated target. However, the buy traders could not relent, to drag the price to a significant level at the upside.
Hence, a bullish breakup above the $0.173 peak value could increase the price of ZKsync towards the upper resistance levels.
However, the bullish correction at the mentioned resistance level indicates that the bulls are planning to increase the price of ZKUSD to a high level at the upsides and the $0.180 supply trend line might be the target in the future in its short-term perspective.
Place winning ZKsync trades with us. Get ZKUSD here.
Leave a Reply