ZK's having a rough day—down 4.18% while the broader market holds steadier. What's driving this?



First off, ZKsync Lite's scheduled sunset in 2026 is creating jitters. Uncertainty around migration paths? That'll do it. Then there's the technical damage: the $0.034 support level just crumbled, and when support breaks, bears show up to the party.

Broader context matters too. Fear Index sitting at 29 means altcoins are taking a beating across the board. ZK's not alone, but it's feeling the heat more than most.

Oh, and there's still that $50M situation lingering in the background. When fundamentals meet shaky technicals during a risk-off environment, you get days like this. Worth watching if that support turns resistance or if buyers step in lower.
ZK-6.28%
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.
  • Reward
  • 6
  • Repost
  • Share
Comment
0/400
ponzi_poetvip
· 12-12 05:02
zksync lite sunset is really amazing, will it be gone by 2026? Then what are the current buyers aiming for... If the support level breaks, it will drop to the limit down rhythm, now it's all good
View OriginalReply0
BearMarketMonkvip
· 12-12 05:01
Is zksync lite gone? What about the migration roadmap... feels a bit chaotic this time.
View OriginalReply0
ForkYouPayMevip
· 12-12 04:58
zksync lite 2026 sunset? Bro, are you trying to scare people... The support levels have been broken, and yet some still dare to buy the dip. Is this a sign that the altcoin season is coming?
View OriginalReply0
HashBrowniesvip
· 12-12 04:55
Breaking the support level is a big deal. So, when will ZK start to fall now?
View OriginalReply0
PretendingToReadDocsvip
· 12-12 04:51
This drop in zk is a bit outrageous... The sunset is still three years away in 2026, and you're already panicking?
View OriginalReply0
MemeCoinSavantvip
· 12-12 04:36
according to my peer-reviewed analysis of ZK's price action, the $0.034 support breaking is statistically significant (p < 0.042) evidence of peak capitulation energy... or just cope idk
Reply0
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)