/ USDT: Sellers Exhausted – Bullish Base Confirmed!
$ZKP (zkPass) is showing a textbook "quiet basing" pattern after its recent healthy pullback. We are seeing a significant shift in market dynamics: sellers are losing their grip as the demand zone is defended with high precision. With the zkTLS oracle network expanding and $100M in infrastructure backing, the fundamental floor for
$ZKP is stronger than ever.
📈 Long Trade Setup
The price action shows that dips are being consistently absorbed by buyers, suggesting the corrective phase is over and momentum is stabilizing for a move higher.
Entry Zone: $0.126 – $0.130 🟢
Target 1: $0.136 (Immediate Resistance)
Target 2: $0.145 (Major Supply Zone) 🚀
Stop-Loss: $0.122 🛑
🔍 Technical Commentary
Demand Zone Defense:
$ZKP has stopped accepting lower prices, creating a solid support floor.
Fading Sell Pressure: Volume analysis shows sell-side exhaustion, meaning any new influx of buying volume could trigger a rapid breakout.
Continuation Thesis: As long as this base remains intact, the probability of a move toward the $0.145 level remains high.
⚙️ Strategy Note
Manage your risk by layering entries within the green zone. If TP1 is reached, consider taking partial profits and moving your Stop-Loss to entry to ensure a risk-free ride for the rest of the targets.
Analysis by: Nabiha Noor
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