Technical Analysis for ZK/USDT Pair – 6-Hour Frame
Current Price: 0.0504
Daily Change: -11.73%
Highest / Lowest Price in 24 Hours: 0.0573 / 0.0501
The price is approaching a strong support area between 0.0500 - 0.0469, which formed a previous bounce. If it remains above this range, we may witness a strong upward movement towards 0.066 - 0.075 as illustrated in the chart.
Technical Indicators:
RSI (6): at 9.17 → Clear oversold condition.
Stoch RSI: at 0.000 → Early signal of a potential bullish reversal.
Technical Areas:
Pivot Support: 0.0469 - 0.0500
Potential Targets: 0.0660 then 0.0755
Alternative Support (in case of a breakout): 0.0396
Maintaining the price above support may open the door for a bullish bounce.