Is the ZKSynC Prize increasing? Analysts expect upward trend

Is the ZKSynC Prize increasing? Analysts expect upward trend

In the exciting world of cryptocurrencies, the native token from ZKSync, ZK, provides a lot of attention. The latest price movements and the chart formation, which forms an ascending symmetrical triangle, show a possible exciting future for this token. The development of such patterns has potential effects on the trade strategies of many investors.

Market analysis of ZKSync

Currently ZKSync is traded with a price of $ 0.189, which is slightly above a critical level of support of $ 0.1880. Although the price has fallen by 2.4% in the last 24 hours, it shows a pleasant increase of 14% in the last week and 25% in the past two weeks. These trends can indicate the increased interest and trust of investors in ZKSync.

Commercial volume and trends

Another important signal is the trading volume that is $ 201.543,162 in the last 24 hours, which is a significant decrease of 18.30% compared to the previous day. A decreasing trading volume during the formation of a rising triangle could indicate a consolidation phase, but also suggest the possible weakness of the current trend.

technical analysis and forecast

The technical analysis offers interesting insights. Analyst Amin Azarmi is optimistic and forecast that ZKSync may reach the price brand of $ 0.21 or $ 0.22, provided that the current price remains above the support level. But the technical indicators are mixed: While some indicate that ZK is a strong purchase, the oscillators indicate an overbought state, which some investors warn for caution.

meaning of the rising triangle

The rising symmetrical triangle is an important chart pattern that often occurs in bullish markets. It shows the formation of higher lows and lower highs that together form a triangle on the price diagram. Should ZKSync break out over the upper trend line, this could lead to a significant increase in price. A break under the lower trend line, on the other hand, could indicate a bearish market and drop the price potentially.

Future view for investors

Although analysts make a positive forecast and Walletinvestor even predicts a price increase to $ 0.37 until the end of this year, there is uncertainty in the cryptocurrency market. Decisions should therefore be carefully considered and based on well -founded information based. The crypto market can be volatile, and what is considered strong today can change quickly.

- Nag