Full Analysis
On the 2-day timeframe, ZKUSDT is forming a very clear descending triangle pattern:
Downtrend line (yellow) shows sellers’ dominance with consecutive lower highs.
Horizontal support zone (yellow box 0.0366 – 0.0531) is still being defended multiple times, showing that buyers are not giving up.
Price is now moving near the triangle apex, meaning a major decision point is approaching soon.
📉 Traditionally, descending triangles lean bearish, but in crypto markets, bullish fakeouts often happen when buyers step in strongly around critical demand zones.
---
Pattern and Market Dynamics
1. Volatility Compression: Price range is narrowing, volume decreasing — a build-up phase before an explosive move.
2. Buyer Defense: The 0.0366 – 0.0531 support zone has become a crucial demand area. Each dip has been absorbed by buyers.
3. Seller Pressure: Meanwhile, sellers consistently push price lower, creating the descending trendline.
4. Apex Zone: The convergence of trendline and support will decide the next major direction.
---
Bullish Scenario
If price closes a 2D candle above the descending trendline with strong volume, then:
Immediate upside targets:
0.0653 (minor resistance)
0.0800 (psychological level & supply zone)
0.0943 (strong resistance)
Extended targets:
0.1094 → if the altcoin market recovers further
0.1451 → confirmation of a medium-term reversal
From the current level, upside potential could reach +170% if the bullish scenario fully plays out.
---
Bearish Scenario
If price closes below the support box (0.0366 – 0.0531) and confirms with selling volume, then:
Initial target: 0.0366 (recent low)
Next target: around 0.0200 (psychological zone)
Extreme case: down to 0.0100 if panic selling occurs
From current levels, downside risk could be as deep as −80% in a worst-case breakdown scenario.
---
Pattern Conclusion
Descending Triangle = Neutral–Bearish bias, but no breakout yet.
Price is entering the “last squeeze” phase — the market is about to decide direction in the coming weeks.
Breakout or breakdown with volume will be the ultimate confirmation.
---
Strategy & Risk Management
Conservative traders: Wait for breakout/breakdown confirmation on the 2D close, enter on the retest with a tight stop-loss.
Aggressive traders: Can start accumulating near support with SL below 0.0366, targeting 0.0653–0.0800.
Reminder: Fakeouts are common in descending triangles — do not over-leverage without confirmation.
---
ZKSync (ZKUSDT, 2D) is standing at a major crossroad. A descending triangle is nearing its apex, with sellers pressing down and buyers defending the key 0.0366 – 0.0531 support.
Bullish case: breakout above trendline → targets 0.0653 – 0.1451
Bearish case: breakdown below support → targets 0.0366 down to 0.0200 or even 0.0100
🚨 The next move will decide: is ZK ready for a major rally, or a deeper fall?
Watch the 2D close + volume for confirmation.
#ZKSync #ZKUSDT #CryptoAnalysis #Altcoins #DescendingTriangle #CryptoBreakout #SupportResistance
On the 2-day timeframe, ZKUSDT is forming a very clear descending triangle pattern:
Downtrend line (yellow) shows sellers’ dominance with consecutive lower highs.
Horizontal support zone (yellow box 0.0366 – 0.0531) is still being defended multiple times, showing that buyers are not giving up.
Price is now moving near the triangle apex, meaning a major decision point is approaching soon.
📉 Traditionally, descending triangles lean bearish, but in crypto markets, bullish fakeouts often happen when buyers step in strongly around critical demand zones.
---
Pattern and Market Dynamics
1. Volatility Compression: Price range is narrowing, volume decreasing — a build-up phase before an explosive move.
2. Buyer Defense: The 0.0366 – 0.0531 support zone has become a crucial demand area. Each dip has been absorbed by buyers.
3. Seller Pressure: Meanwhile, sellers consistently push price lower, creating the descending trendline.
4. Apex Zone: The convergence of trendline and support will decide the next major direction.
---
Bullish Scenario
If price closes a 2D candle above the descending trendline with strong volume, then:
Immediate upside targets:
0.0653 (minor resistance)
0.0800 (psychological level & supply zone)
0.0943 (strong resistance)
Extended targets:
0.1094 → if the altcoin market recovers further
0.1451 → confirmation of a medium-term reversal
From the current level, upside potential could reach +170% if the bullish scenario fully plays out.
---
Bearish Scenario
If price closes below the support box (0.0366 – 0.0531) and confirms with selling volume, then:
Initial target: 0.0366 (recent low)
Next target: around 0.0200 (psychological zone)
Extreme case: down to 0.0100 if panic selling occurs
From current levels, downside risk could be as deep as −80% in a worst-case breakdown scenario.
---
Pattern Conclusion
Descending Triangle = Neutral–Bearish bias, but no breakout yet.
Price is entering the “last squeeze” phase — the market is about to decide direction in the coming weeks.
Breakout or breakdown with volume will be the ultimate confirmation.
---
Strategy & Risk Management
Conservative traders: Wait for breakout/breakdown confirmation on the 2D close, enter on the retest with a tight stop-loss.
Aggressive traders: Can start accumulating near support with SL below 0.0366, targeting 0.0653–0.0800.
Reminder: Fakeouts are common in descending triangles — do not over-leverage without confirmation.
---
ZKSync (ZKUSDT, 2D) is standing at a major crossroad. A descending triangle is nearing its apex, with sellers pressing down and buyers defending the key 0.0366 – 0.0531 support.
Bullish case: breakout above trendline → targets 0.0653 – 0.1451
Bearish case: breakdown below support → targets 0.0366 down to 0.0200 or even 0.0100
🚨 The next move will decide: is ZK ready for a major rally, or a deeper fall?
Watch the 2D close + volume for confirmation.
#ZKSync #ZKUSDT #CryptoAnalysis #Altcoins #DescendingTriangle #CryptoBreakout #SupportResistance
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Disclaimer
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✅ Get Free Signals! Join Our Telegram Channel Here: t.me/TheCryptoNuclear
✅ Twitter: twitter.com/crypto_nuclear
✅ Join Bybit : partner.bybit.com/b/nuclearvip
✅ Benefits : Lifetime Trading Fee Discount -50%
✅ Twitter: twitter.com/crypto_nuclear
✅ Join Bybit : partner.bybit.com/b/nuclearvip
✅ Benefits : Lifetime Trading Fee Discount -50%
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.