Convergence

zkSync

Divergence

<ul>
 <li>$ZK, a Layer-2 Ethereum scaling solution, has seen a significant price decline amid a market correction.</li>
 <li>#ZkSync's daily technical indicators, observed on a 4-hour chart, indicate a notable sell-off.</li>
 <li>The $<a href="https://www.coingabbar.com/en/crypto-currency/zksync-zk-prices-usd" title="ZK/USD" class="f-link" rel="noopener noreferrer nofollow">ZK/USD</a> pair started trading on exchanges at $0.2264 and is currently down by 11%.</li>
 <li>#ZkSync's price has decreased by over 16% in the past day, resulting in a market cap of $737.52 million.</li>
 <li>The 4-hour chart shows a strong sell-off, with the Moving Average Convergence Divergence (MACD) signaling bearish momentum.</li>
 <li>According to <a href="https://www.coingabbar.com/en/price-analysis" title="Coingabbar analysis" class="f-link" rel="noopener noreferrer nofollow">Coingabbar analysis</a>, Potential bullish scenarios suggest zkSync could rally to $0.2500, exceed $0.4000, and potentially reach $0.5000 in a positive market trend.</li>
 <li>In a bearish trend, ZK's price could test support at $0.2000 and potentially drop to $0.1500, indicating a shift in market sentiment.</li>
</ul>
KEY LEVELS :
RESISTANCE LEVEL : $0.2300-$0.3000
SUPPORT LEVEL : $0.1800-$0.1500 <strike></strike> <strike> </strike>
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.

ZKsync Price Prediction: Amid Market Crash, Can ZK Hit $1?

Coingabbar

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