๐ $ZK Market Analysis โ 1H Chart
Current Price: $0.0573 (+8.52%)
RSI (7): 72.27 โ Overbought Territory
24H Range: $0.0522 โ $0.0574
Breakout Confirmed:
Price just broke above the $0.055 zone with strong bullish candles and increasing volume โ this signals a valid breakout.
๐ Moving Averages:
MA(7): $0.0564 (acting as support)
MA(25): $0.0544
MA(99): $0.0539 (major support now)
All MAs are aligned for a bullish trend.
โ ๏ธ RSI @ 72+:
Momentum is strong, but RSI suggests a cooldown or sideways move might be near. Not ideal for fresh entries unless it dips.
๐ Volume Spiking:
Strong buyer interest, especially in the last few hours. But slightly declining volume may hint at a short-term pause.
๐ง Conclusion:
Trend: Bullish
Outlook: Minor pullback likely โ then continuation if $0.055 holds
Buy Zone on Dip: $0.054โ$0.055
Short-Term Target: $0.060โ$0.062
Breakdown Level: Below $0.0539 โ trend weakens.
โณ Wait for a dip or confirmation candle above $0.0575 for safer entry.
๐ก High risk for short-term traders due to RSI โ ideal for momentum-based plays.
