The $ZK market has seen a minor decline of 1.493% over the past 24 hours.
The price reached a high of 0.0472 and a low of 0.0431.
Bollinger Bands indicate a tightening range, with the upper band at 0.0468 and the lower at 0.0433.
Support is established at 0.0431 while resistance lies at 0.0469, suggesting a potential breakout opportunity.
Despite the current corrective phase, the overall market trend remains upward, albeit weak.
Macroeconomic factors, such as inflation and ongoing regulatory discussions, could influence future price movements.
Bitcoin's effect on ZK is currently ambiguous, indicating potential independence in price action.
Traders may consider a short-term approach given the volatility and current price fluctuations.
Key takeaway: ZK shows resilience in an upward trend despite short-term corrections; watch for key support levels for trading signals.
