ZKsync Price Forecast: December 26
The ZKUSD pair is increasing and remains strong above the $0.190 supply mark, making a significant increase from its all-time low at $0.183 level. The coin is witnessing a renewed recovery sentiment among investors. In case the bulls’ pressure breaks up the resistance level of $0.273, the coin price may increase further to a $0.280 high trend line, attracting more buyers to coin investments.
Key Levels:
Resistance Levels: $0.220, $0.221, $0.222
Support Levels: $0.180, $0.179, $0.178
ZKUSD Long-term Trend: Bullish (4H chart)
The ZKUSD pair makes a buy trade set-up and remains strong above the $0.190 price level in its higher time frame. The coin price makes a buy-trade set-up while trading above the EMA-50, indicating a bullish trend.
The previous action at the $0.200 high level in the previous action has sustained the coin price to remain strong above the trend line in its recent high.
The ZKsync price remains strong above the resistance at around $0.197 level, resulting in intraday gains. Hence, staying above the resistance trend lines indicates a strong possibility for a bullish correction.
Hence, an upside breakout above the $0.273 previous peak value with a 4-hour candle closing will offer buyers a solid foothold to push the ZKUSD price higher, offering a good entry opportunity for coin buyers.
Further, the ZKsync price may continue to remain strong above the supply levels as suggested by the daily stochastic pointing in an upward direction. In light of this, the coin price may get to the $0.280 upper resistance trend mark soon, as the token price remains strong above the supply mark in its long-term outlook.
ZKUSD Short-term Trend: Bullish (1H chart)
On the 1-hour chart, the ZKUSD pair remains strong above the supply levels, indicating a renewed correction trend. The price currently trades above the EMA-50, making higher highs and moving towards the upper resistance area. 
The high bullish impact on the crypto at a $0.195 high level in the last action has enabled the ZKsync price to remain strong above the supply levels in its recent high.
At press time today, an additional buying pressure pushed the price of ZKUSD above the $0.196 resistance level above the moving averages. This will give the buy traders the tendency to further ladder up the trend. To push the price above the supply zone, buyers’ participation is a prerequisite.
Thus, a possible breakout from the $0.196 neckline will accelerate the buying momentum and push the prices to hit a significant level at the overhead territory, bolstering more buying pressure on the crypto to the upper resistance levels.
Additionally, the price of ZKsync pointing upwards on the daily stochastic suggests the token price may remain strong above the resistance level, implying a buy trade set-up as it remains strong above the supply levels in its short-term perspective.
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