$ZK /USDC is currently showing a strong short-term bullish structure after an aggressive upside move. The price is trading around 0.03055 USDC, reflecting a sharp +36% gain in the last 24 hours, which clearly indicates renewed market interest and momentum. This rally pushed price from the lower range near 0.0198 to a high of 0.0374, confirming a powerful impulsive leg driven by strong buying pressure. After hitting the high, price entered a natural pullback phase, which is healthy and expected after such a vertical move. Importantly, the pullback has respected the MA60 around 0.0302, suggesting that buyers are defending this level and treating it as dynamic support. The structure visible on the chart shows higher lows forming, which is a classic bullish continuation signal rather than a trend reversal. Volume also expanded during the upside move, validating that the rally was backed by real participation rather than thin liquidity. The current cooling in volume implies consolidation, where the market is deciding its next direction rather than distributing aggressively.
From a technical perspective, the key support zone lies between 0.0295 and 0.0300, which aligns with both the moving average and recent price reaction areas. As long as ZK/USDC holds above this zone, the bullish bias remains intact. A sustained hold here increases the probability of another upside attempt toward the 0.032–0.033 resistance band, which is the first area where sellers may step in again. A clean breakout above this region, especially with rising volume, could open the door for a retest of the 0.036–0.038 range, matching the recent high and potentially extending the trend further. On the downside, a decisive breakdown below 0.0290 would weaken the bullish structure and could lead to a deeper retracement toward 0.0280 or lower, where buyers may attempt to re-enter. Overall, the market sentiment shown on the chart favors bulls, but patience is key. Entering trades near support zones offers a better risk-to-reward setup than chasing price at resistance. In conclusion, ZK/USDC remains bullish in the short term, with consolidation suggesting preparation for the next move rather than exhaustion, making it a pair to watch closely in the coming sessions.