Polyhedra Network’s token (ZKJ) has undergone a sharp drop—but some recent signals hint that the worst may be behind us. Let’s explore whether a trend reversal is unfolding.
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📉 What’s Been Happening?
Massive June flash crash: On June 15, ZKJ plunged ~80–90%, dropping from ~$1.92 to ~$0.32 in 24 hours due to abnormal liquidity withdrawals, large token unlocks, and big sell orders .
Current levels: Trading around $0.177 today, down ~48% over the past month, with overall technical ratings bearish .
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🔍 Bullish Reversal Signals Emerging
Bullish divergence spotted in 4‑hour chart: Stoch RSI is forming higher lows while price trends lower—classic sign of weakening selling pressure .
Key zone respected: The $0.196–0.213 level held on retest after the flash crash, showing momentum may be stabilizing .
Rising volume noted: Some analysts flagged increased volume and momentum aligning with these levels, bolstering the reversal case .
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🎯 Targets & Invalidations
Thanks to TradingView ideas:
Targets: $0.263 → $0.331 → $0.414 → $0.645
Invalidation zone: A fall below $0.196–0.208 would negate the bullish thesis .
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⚗️ On‑Chain & Token Context
Tokenomics & backing: ZKJ fuels Polyhedra—a ZK-powered Layer‑1 focused on secure cross‑chain bridges and ZKP identity features, backed by Binance Labs, Polychain, and others .
Trading activity still alive: Despite the crash, daily volume is around $9–11 M (CoinGecko & CMC), and CEX listings remain active .
Longer-term projections: Forecasts expect gradual recovery to mid-2026 levels ($0.28 avg, possibly $0.49 highs per CoinCodex) .
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🛠️ Your Square Strategy Guide
Action Details
Entry Consider building a position above $0.196–0.208 if divergence triggers and volume confirms
Targets Aim for $0.26→$0.33, with secondary zone at $0.41–$0.65 if momentum continues
Stop‑Loss Place below $0.18 or stretch zone at $0.196, invalidating reversal setup
Confirmations Watch for rising volume, sustained hold above the zone, and shift in MA alignments
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💭 Final Take for Square Fam
ZKJ has faced a harsh correction, but recent bullish divergence, support holding, and renewed activity hint at a possible bottom. Reclaiming $0.196–0.213 with follow‑through could spark a recovery wave toward $0.33+—but caution is key given crypto’s unpredictability.
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