Is the rise of ZKC the beginning of a new trend?
The ZKC coin has seen a notable increase in the last few hours by +10.6%, reaching a price of $0.8156 after touching a daily peak of $0.8660 and a low of $0.7251.
🔍 Technical Analysis:
• On the hourly chart, the price rebounded from the level of $0.7119 and rose strongly with high trading volume (more than 54M ZKC).
• The candlestick movement shows the formation of a Higher Low, which is a positive signal for the beginning of a short-term upward trend.
• The short-term moving average (MA5) is trying to cross with the longer moving average (MA10), and if confirmed, it will support the continuation of the rise.
• Closest support areas: $0.7720 – $0.7380.
• Strongest resistance areas: $0.8660 (today's peak), and if surpassed, we might see $0.90 then $1 as psychological targets.
📈 Positive Indicators:
• Strong trading volume confirms the entry of new liquidity.
• The market is supported by the news of ZKC's listing on Binance alongside other projects like LINEA and HOLO, which boosts investor confidence.
⚠️ Risks:
• Any break below the level of $0.7720 could bring the price back to retest $0.7380.
• You need to monitor liquidity as any sudden drop could quickly reverse the trend.
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💡 Summary:
The ZKC coin is currently in an important testing area. Continued trading above $0.80 supports the likelihood of further rises to test $0.90 – $1, but breaking below $0.77 could weaken the trend.
🚀 Question: Will ZKC succeed in breaking the dollar and opening a new upward trend?