$ZK 🚨 Bullrun Over? Dip Incoming – But This Could Be Your Golden Entry 🚨
Let's break down why it (zkSync) just peaked after that wild 126% pump on Nov 1 – Vitalik's shoutout + Atlas upgrade had us all hyped – but the party's ending fast. Price sitting at ~$0.0648 now? Yeah, that's euphoria talking. Here's the tea:
1/ Token Unlocks = Supply Shock Loading
~167M after hitting the market Nov 17. That's a fat 20% circulating supply surge since June, with 173M more monthly til 2028. Early investors dumping? Check. We've seen this movie – unlocks crush momentum post-hype. RSI at 21.6 screams oversold, but sell pressure from this could drag us 20-30% lower to $0.045 support.
2/ Liquidity Drama + Delistings
KyberSwap ditched ZKsync Era in July – fragmented liquidity = thinner books, bigger dumps. Add broader L2 fatigue (ETH upgrades stealing thunder), and
$ZK 's down 38% MTD despite the rally. Order book? 30% bid vs 69% ask – bears in control.
3/ Tech Hype Fades, Reality Bites
Atlas is fire (15K TPS, sub-sec finality) – but enterprise adoption? Banks want closed loops, not public chains. Vitalik called it "underrated," but if TVL doesn't spike, this is just vapor. Chart shows falling wedge breakout failing; MACD crossing bearish, Bollinger squeeze incoming.
The Dip? Brace for $0.045-0.05 (Fib 0.618 retrace). But here's the flip: This is ZKsync – Ethereum's scaling beast. Post-dip, staking Q4 + RWA surge (13% of ETH's $32B tokenized assets) could ignite round 2. Fundamentals > FUD.
Accumulate on weakness? Long-term to $0.17+ by EOY if unlocks get absorbed.
DYOR, NFA. What's your
$ZK target? 👇
#zkSynk c #CryptoDip #L2Wars