#ZKJ Watch #crashmarket

Today’s signal: **ZKJ has plunged ~85%**, dropping from ~$2.00 to just $0.30 on the perpetual market. This massive move comes amid a few key issues:

1. **Mass token unlock** — nearly **30% of supply** was unlocked recently, triggering large selling pressure from early backers :contentReference[oaicite:1]{index=1}.

2. **Futures delisting** — major exchanges like OKX removed ZKJ perpetuals and margin pairs in late April, reducing liquidity and reducing price stability :contentReference[oaicite:2]{index=2}.

3. **Whale exits** — on-chain evidence shows big holders reducing their exposure post-unlock, pushing the market lower.

📉 **Indicators:** RSI is now ultra-oversold (~0.3); MACD and StochRSI show continued bearish momentum. SAR dots remain bearish above the candles.

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### ⚠️ What This Means

- **Low cap + low liquidity** made ZKJ highly vulnerable to unlock-driven dumps.

- **Technical bounce** may come if panic abates—but expect it to be volatile.

- **If you're holding**: Don’t average down without knowing fundamentals or tokenomics.

- **If you're trading**: Think twice—unless the project shows real use-case follow-through, this looks like a long-term shakeout.

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Digesting this crash: it's a textbook case of token unlock fallout combined with liquidity events and weak fundamentals.