$ZK
Hovering Near Key Support – Bounce or Breakdown Ahead?
zkSync (ZK) is trading at $0.0458, down slightly by -0.43%, and is hovering just above the crucial $0.0450 support level. The price action indicates a tight consolidation, with bulls attempting to defend this zone amid low momentum. A successful bounce from here could lead to a retest of $0.0465 and $0.0470 resistance levels. However, a break below $0.0450 may trigger further downside toward $0.0440 and $0.0430. Traders should watch for confirmation before entering positions.
Trade Setup:
Entry: $0.0462
Target: $0.0475
Stop-loss: $0.0450
