ZKUSDT — Descending Triangle Key Support, Breakout or Breakdown?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
ZKUSDC
ZK/USDT — Testing Long-Term Downtrend: Breakout or Rejection at?Summary
The daily chart shows a clear long-term downtrend from the previous highs — the descending trendline (yellow) has been capping price action, forming a sequence of lower highs and lower lows. Currently, price is hovering around 0.0591 USDT, testing both the trendline resistance and a key horizontal resistance at ~0.06173 (red dashed). Since the low at ~0.0366 (June), the market has been slowly forming higher lows, suggesting potential accumulation, but the main downtrend structure is still intact until a confirmed breakout occurs.
---
Pattern Overview
Descending trendline (yellow) = downtrend structure remains valid until a daily close above it.
Accumulation signs from the 0.0366 low → forming several higher lows.
Key resistance: 0.06173 (decision zone).
Next resistances (yellow dashed): 0.07999 → 0.11475 → 0.15566 → 0.22443 → 0.26273 → 0.27270.
Key support: ~0.042 (intermediate) → structural low at 0.03660.
---
Bullish Scenario (confirmation needed)
1. Breakout confirmation: A daily close above the descending trendline and above 0.0617 with stronger-than-average volume.
2. Post-breakout behavior: Potential retest of the broken trendline as support — a conservative entry point.
3. Upside targets:
Target 1: 0.07999 (~+29% from 0.06173; ~+35% from current price 0.05907)
Target 2: 0.11475 (~+86% from 0.06173)
Extended targets: 0.15566 → 0.22443 → 0.26273 → 0.27270
4. Risk management: Initial stop-loss under retest zone or, for aggressive entries, just below breakout candle’s low.
---
Bearish Scenario (rejection/failure)
1. Rejection at 0.0617 / trendline: If price fails to break and closes bearish with upper wicks, a pullback toward support is likely.
2. Support watch: ~0.042 (intermediate) → 0.03660 (structural low).
Downside from 0.0617: ~−29% to 0.042, ~−38% to 0.0366.
3. Further risk: A daily close below 0.0366 could trigger continuation of the major downtrend.
---
Key Levels (Quick View)
Current: 0.05907
Breakout trigger: 0.06173
Targets: 0.07999, 0.11475, 0.15566, 0.22443, 0.26273, 0.27270
Supports: ~0.042 → 0.03660
#ZK #ZKUSDT #Crypto #Altcoin #TechnicalAnalysis #TA #Trendline #Breakout #PriceAction
ZKsync ZK price will surprise ?If someone trying to see the Head and Shoulders on the OKX:ZKUSDT chart and tries to short this asset, they will most likely be “punished”
1️⃣ Well, first of all, the "H&S" is a figure of a global trend reversal, not a local one.
2️⃣ And secondly, in our opinion, #ZK is holding quite well and the chance to see $0.14, and if you're lucky, $0.16, is much higher than fall to a new low.
DYOR
_____________________
Did you like our analysis? Leave a comment, like, and follow to get more
Great Entry Point for zkSyncHello everyone, a good entry point has formed for zkSync. Bitcoin has almost broken $70,000, and you can try going long with a potential rise to the $5-$18 range.
Overall, if Bitcoin continues its rise to $70k-$100k, all cryptocurrencies will follow, with some showing stronger growth and others weaker. May the force be with us.
#zkSync #ethereum #zk
ZKUSDT Triangle Pattern!ZKUSDT technical analysis update
ZK has formed a triangle pattern, and the price is breaking the triangle resistance on the 4-hour chart. If the 4-hour candle closes above the resistance, we can expect a good upward move in ZK.
Buy zone : Below $0.17
Stop loss : $0.154
Regards
Hexa
zkSync Entry price: $0.1744(ZK/USDT) (June 30, 2024) (#zkSync #Spot)
Layer Zero has started to grow, and ZK is also showing growth. This formation resembles what happened with Notcoin.
zkSync (ZK) — zkSync is a Layer-2 protocol that scales Ethereum with cutting-edge ZK tech. Our mission is not only to merely increase Ethereum's throughput, but to fully preserve its foundational values – freedom, self-sovereignty, decentralization – at scale.
🕵️ Investors (Tier 1,2):
Union Square Ventures, a16z, 1kx, Variant Fund, Blockchain Capital, Lightspeed Venture Partners, Dragonfly Capital, Coinbase Ventures, Ethereum Foundation.
dropstab.com
cryptorank.io
🟢 Entry price: $0.1744
🟢 Take Profit: $0.4700
🔴 Stop Loss: $0.1479
• Spot Market without leverage.
• Trade risk set at 50% of the deposit.