#CryptoTrading.

📊Technical Analysis (1 hour) $ZK /USDT

1. Price and Trend:

• Current Price: 0.07167 USDT (+27.98% for the period).

• The chart shows an upward movement with a local low near 0.04314 and a recent jump to 0.07167, indicating strong bullish momentum.

2. Moving Averages (MAs):

• MA(5): 109,235,800.3 and MA(10): 84,347,758.0 in volume indicate an increase in trading activity, which supports the trend.

• The price chart shows that the price has broken the moving average (purple line), which is a positive signal.

3. Bollinger Bands (20, 2):

• UP: 0.06584, MB: 0.05608, DN: 0.04632.

• The price has crossed the upper limit (0.07167 > 0.06584), which may indicate overbought and some correction.

4. MACD:

• DIF: 0.00199, DEA: 0.00066, MACD: 0.00133.

• The positive value of MACD and the growth of DIF above DEA confirm the bullish trend, although the divergence is small.

5. Stochastic RSI:

• STOCHRSI: 74.77068, MASTOCHRSI: 67.33305.

• A value above 70 indicates an overbought zone, which may signal a possible correction in the near future.

6. Volume (Volume):

• A significant increase in volume (194,242,528.0) accompanies the price jump, confirming the strength of the movement.

⚠️Conclusion: The current trend is bullish, but overbought indicators (Bollinger Bands, Stochastic RSI) point to a possible correction. It is recommended to monitor the support at 0.06584 (upper Bollinger band) and the support near 0.07355.