The price $ZK is currently around 0.0617 USDT, after briefly touching the highest level of 0.0752 and experiencing a significant correction.
Latest Market Conditions
A sharp pump followed by a quick correction — indicating a distribution phase after the rally.
The price has breached the 0.059 area twice but still fails to break down permanently → support 0.0585–0.059 is still holding, but starting to weaken.
Selling volume is increasing, while buying volume is weakening → indicating that seller pressure is starting to dominate.
Technical Indicators
MA(9): 0.0604
MA(21): 0.0621 → now becoming local resistance.
MA(50): 0.0648 → main short-term resistance.
MA(9) has crossed down MA(21) → short-term correction signal is starting to form.
Important Levels
0.063 – 0.065 Strong resistance, safe limit for short positions
0.059 Key support (tested 2x)
0.0585 Breakdown confirmation → potential for rapid decline
0.055 – 0.056 Correction target (nearest TP area)
As long as the price remains below 0.063, the potential for further correction remains open.
If the price manages to break & close below 0.0585, the decline could continue towards 0.055 – 0.056.
However, if the price rises again and breaches 0.063, be cautious of potential short squeeze in the short term.
⚠️Not financial advice. Do your own research before making trading decisions. DYOR.