ZKSync (ZK), the new bird showed a spike at the beginning, but profit bookers interrupted the advancement. Thus, it caused a formation of a giant wick was formed that was due to the bear's dominance being higher; this led the ZK to deteriorate into a wedge, which followed certain lows up to $0.1267 by July 5th. Thereon, BTC showed sustenance, and the majority of the crypto landscape turned bullish, and it appears to be one of them. The Analyst also believes the ZK price will rise on the 4-H TF. By looking at the price chart from the perspective of Anlayst cihat Ozturk, the price could propel once past the resistance zone around $0.2000, and breaching this would be crucial to generate momentum. Also, it came into sight that the falling wedge pattern seems to be in formation; if it crosses the upper trendline, the bullishness could prevail. However, if the price falls, then the nearest support to hol would be at $0.1500 and $0.1267.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.