$ZK has experienced a downturn of 2.435% in the last 24 hours, with a trading range between 0.0584 and 0.0558. The Bollinger Bands indicate a constricted volatility, with upper and lower bands at 0.0581 and 0.0561 respectively, suggesting that a breakout may occur soon, but the overall downtrend remains dominant. Support at 0.0558 could be tested, while resistance at 0.0598 remains distant. Macroeconomic factors, such as inflation and potential regulatory shifts, could further pressure prices. With Bitcoin's current undefined influence, traders might consider a short-term focus to capitalize on volatility. Key takeaway: Continuous monitoring of macroeconomic developments will be crucial in guiding entry and exit strategies in this hesitant market.
