2026-01-20 16:43:51

🔀 Technical Analysis: ZKsync ( $ZK )

Market capitalization: $300M.
On the ZK chart, we're seeing prolonged consolidation after a massive drop from all-time highs. Price is holding near support level, forming a base for potential movement.

How to trade❔

💬 Buy on a bounce from support with confirmation of a reversal candlestick pattern. Place stop-loss below the support level. Profit target – the resistance zone.

💬 Alternative scenario: if support doesn't hold, wait for a breakdown with a retest of the level from the other side, then consider entering from that level.

💬 Risk/reward ratio looks attractive for both scenarios.

Conclusion:
ZK is at a crossroads – either a bounce from the current base or another leg down. Waiting for directional confirmation.

📈 Open a trade with $ZK ‌🔗 Chat • X • JioCoinsX

ZK-9,66%

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.