$ZKC pumped hard, from about $0.0395 up to a high of $0.0744, and has now fallen a lot from that high. Right now it's sitting close to its lowest point of the day. Sellers are clearly still in charge, but the fall does look like it's slowing down a bit near the bottom, not just crashing straight down.
This could still drop more if sellers push again. But if the price stops falling and starts moving flat here, that could mean buyers are stepping in to defend this level, and a bigger move up or down may come next. Right now there is no clear win either way, so it is best to wait and watch closely.
EMA(7) below EMA(25) below EMA(99) — this still shows a clear downtrend.
Volume has calmed down after the drop = the selling pressure may be easing, but it is too early to be sure.
24h low: $0.0528
24h high: $0.0744
24h Volume Traded: 22.12M USDT
24h Change: -26.31%
Spot only. DYOR, not financial advice.
This could still drop more if sellers push again. But if the price stops falling and starts moving flat here, that could mean buyers are stepping in to defend this level, and a bigger move up or down may come next. Right now there is no clear win either way, so it is best to wait and watch closely.
EMA(7) below EMA(25) below EMA(99) — this still shows a clear downtrend.
Volume has calmed down after the drop = the selling pressure may be easing, but it is too early to be sure.
24h low: $0.0528
24h high: $0.0744
24h Volume Traded: 22.12M USDT
24h Change: -26.31%
Spot only. DYOR, not financial advice.
