ZKC Pumps 11%! Dead Cat Bounce or Trend Reversal?
$ZKC Alright, who saw this coming? ZKC is absolutely pumping today, rocketing up +11.58% to $0.2689 and claiming a spot as a top "Infrastructure Gainer"!
After what looks like a brutal few months (just look at those -60% and -80% stats... yikes), this double-digit green candle is a welcome sight for weary holders. The price is currently battling it out right around its MA(25) at $0.2702, a key level to watch.
The surge is backed by solid volume, nearly double the 5-period average, suggesting this isn't just a tiny blip. This could be the first real sign of buyer interest returning to the project.
But let's be real—this is crypto, and we need to keep our heads on straight. While the daily chart looks explosive, the longer-term picture is still deeply oversold. One green day doesn't erase a 90-day drop of over 60%. The MA(7) at $0.29 is the next major resistance to conquer.
So, the million-dollar question is: Is this the start of a legendary comeback story for ZKC, or just a classic "dead cat bounce" before the downtrend resumes?
Traders are clearly betting on a reversal, but the path ahead is still rocky. Are you buying the momentum, or waiting for a confirmed break above $0.29?
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