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$ZK : Trap or Trend Reset? ๐๐
ZKsync (
$ZK ) is playing a sneaky game today! We just witnessed a classic "Shakeout"โa quick push to the 24h high of $0.02238, followed by a sharp sell-off to flush out weak hands. Now, the price is stabilizing around $0.02192, trying to turn previous resistance into a new base.
๐ Key Levels to Watch:
โข Support: $0.02165 โ $0.02137 (The floor)
โข Resistance: $0.02210 โ $0.02238 (The recovery wall)
Verdict: Neutral to Bullish. If
$ZK reclaims and holds above $0.02210, expect another run toward the day's high. However, with a recent 173M token unlock on Feb 16, there might be some temporary selling pressure.
Prediction: Likely Profit on a bounce-back play, but keep a tight stop loss at the 24h low ($0.02137).
#ZKsync #ZK #CryptoTrading #BinanceSquare #TechnicalAnalysis click here to trade ๐๐