📊 $ZK /USDT – Formation of a Bull Flag
After a strong impulsive rise, $ZK is consolidating in a range, forming a bull flag — a classic continuation pattern.
Current data:
💰 Price: 0.06950 USDT
📉 Flag low: 0.05942 USDT
📈 Flag high: 0.07279 USDT
🔄 Volume over 24h: 503.78 million ZK / 34.71 million USDT
Technical picture:
Support level: 0.0594–0.0600 — lower boundary of the flag, protection for the bulls.
Resistance level: 0.0728–0.0730 — upper boundary of the flag.
A breakout upwards with confirmation will open the way to new local targets.
🎯 Possible targets on breakout upwards:
1️⃣ 0.0780 USDT – first local target
2️⃣ 0.0850 USDT – flag extension
3️⃣ 0.0950 USDT – target based on the height of the previous impulse
⚠ Risk: A breakout downwards below 0.0594 may nullify the bullish scenario and lead to a deeper correction.
