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Zksync

zkSync Price Collapse or Skyrocket? Discover What’s Next!In the recent trading sessions, OKX:ZKUSDT has exhibited a mix of stability and volatility, with closing prices showing minor fluctuations. The latest closing prices indicate a slight downward trend in the short term. Exponential Moving Averages (EMAs) provide a clearer picture of this trend. The 9 EMA currently stands at approximately $0.160, showing a slight downward trajectory, while the 20 EMA, slightly higher at around $0.161, also reflects a minor bearish trend. This alignment suggests a potential for continued short-term bearish momentum unless a significant upward movement disrupts this pattern. The Moving Average Convergence Divergence (MACD) indicator offers further insights into market sentiment. Recent MACD values have been negative but with a gradually diminishing bearish momentum. The MACD histogram values indicate that the bearish momentum is weakening, hinting at a possible consolidation or a trend reversal in the near future. Relative Strength Index (RSI) values, currently hovering around 46-52, suggest that ZK is in a neutral zone. This neutrality implies that the market is neither overbought nor oversold, providing a balanced perspective on potential price movements. Key resistance levels to watch include $0.1714, a moderate resistance level that could be tested if bullish momentum gains strength. A break above $0.1735, a stronger resistance level, could signify a more substantial upward movement. The level at $0.1844 is a significant resistance point, and breaching it could indicate a strong bullish trend. On the downside, $0.1577 is the nearest support level, and a breach of this could lead to further declines. The $0.1518 mark is a critical support level that could act as a strong foundation for potential rebounds. At $0.1333, there is a major support level where significant buying interest might emerge if prices dip this low. Possible Trade Ideas For traders considering long positions, monitoring the resistance levels at $0.1714 and $0.1735 is crucial. Entering a long trade near the support level of $0.1577, with a tight stop-loss slightly below this level, could be a prudent strategy. Exiting near the resistance of $0.1714 might offer a good risk-reward ratio. Conversely, for short trades, the current levels near $0.165 present an opportunity to short if prices fail to breach the $0.1714 resistance convincingly. A stop-loss slightly above $0.1735 could mitigate potential losses. Targeting exits near the $0.1577 or $0.1518 support levels might be advantageous. The technical indicators for the zkSync price reveal a market in a delicate balance between bearish and bullish forces. While the short-term momentum appears slightly bearish, weakening bearish signals suggest the potential for consolidation or a reversal. Traders should keep a close watch on the identified support and resistance levels to make informed trading decisions.
by Ecoinimist
zkSync Entry price: $0.1744(ZK/USDT) (June 30, 2024) (#zkSync #Spot) Layer Zero has started to grow, and ZK is also showing growth. This formation resembles what happened with Notcoin. zkSync (ZK) — zkSync is a Layer-2 protocol that scales Ethereum with cutting-edge ZK tech. Our mission is not only to merely increase Ethereum's throughput, but to fully preserve its foundational values – freedom, self-sovereignty, decentralization – at scale. 🕵️ Investors (Tier 1,2): Union Square Ventures, a16z, 1kx, Variant Fund, Blockchain Capital, Lightspeed Venture Partners, Dragonfly Capital, Coinbase Ventures, Ethereum Foundation. dropstab.com cryptorank.io 🟢 Entry price: $0.1744 🟢 Take Profit: $0.4700 🔴 Stop Loss: $0.1479 • Spot Market without leverage. • Trade risk set at 50% of the deposit.
Long
by UnknownUnicorn285026
1
zkSync(ZK) will Drop at least -10%The airdrop of the zkSync(ZK) project was done less than 3 days ago. The ZK token, which was recently airdropped by zkSync, saw a massive sell-off. Almost half of the original recipients sold their entire token allocation, causing the price of this token to fall by more than -30% within a day. Despite complaints about unfair distribution, data shows that almost half a million wallets have received their share of tokens. What is zkSync(ZK)!? zkSync Era is a Layer-2 protocol that scales Ethereum with cutting-edge ZK tech. Our mission is not only to merely increase Ethereum's throughput, but to fully preserve its foundational values – freedom, self-sovereignty, decentralization – at scale. --------------------------------------------- zkSync(ZK) succeeded in breaking the lower line of the Parallel Channel and Support zone($0.2170_$0.2100). I expect zkSync(ZK) to drop at least -10% and continue to drop at least until the Support zone($0.1970_$0.1850). Note: An important point you should always remember is capital management and lack of greed. zkSync Analyze (ZKUSDT), 15-minute time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
4
$ZCASH longer term view, low ~$12, high $1000+If I look at the longer term chart of Zcash, it looks like we're closing in on a bottom. I think over the coming 1-9 months, we'll see $12 or lower as a bottom. We've broken out of the downtrend, we're consolidating now in a declining wedge and once that wedge breaks, we should see the start of a bull trend form. I think this next run will be extremely bullish for Zcash. Privacy should be a key theme in the next bull market. However, I differ in beliefs than most in crypto and don't think the true bull market starts till 2025+. Once it starts though, Zcash is likely to be one of the best performs. The accumulation starts soon.
COINBASE:ZECUSDLong
by benjihyam
1
ZKUSDT: The Path to Millionaire StatusIn the world of cryptocurrencies, ZKUSDT stands out as a diamond in the rough. With its current price hovering around $1.11 and a staggering target of $3.87, this coin is poised for exponential growth. What sets ZKUSDT apart is not just its price potential, but its robust foundation and promising future. Despite being listed on exchanges like KuCoin, Gate.io, Bybit, and Crypto.com, ZKUSDT has yet to find its place on major platforms such as Binance and OKX. However, the fact that investment teams from these exchanges have already shown interest speaks volumes. The likelihood of ZKUSDT being listed on these giants is incredibly high, potentially catapulting its price to new heights. Technically speaking, ZKUSDT is currently in the accumulation phase on the price chart, indicating strong support and readiness for a significant upward move. The price targets illustrated on the chart underscore its immense potential. What's more, the ultimate price ceiling considered as the final target could be surpassed dramatically upon listing on major exchanges. This could turn early holders into millionaires overnight. ZKUSDT isn't just another cryptocurrency; it's a ticket to financial freedom for savvy investors. Stay tuned for what could be the most lucrative opportunity of the year. Market Mastery Media
Long
by rezamehrjuyan
1
$ZEC getting towards load the boat levelsThis is one of my most bullish ideas for the next bull run. I've been waiting patiently for this chart to bottom and it looks like we're getting extremely close. $ZEC looks like it needs to put in one more capitulation low before the real bull run of this charts begins. I expect the final move to take price down to the $5-7 range and bounce from there to new highs. The move down will likely happen before the pivot in March 2024 and the new high will likely happen in 25 or 26. Let's see how the idea plays out over the coming months.
COINBASE:ZECUSDLong
by benjihyam
8
ETH TO BREAK THE $2K MARK BEFORE RETRACEMENT!Good day my fellow crypto traders, HODlers, speculators and critics! Before I get into the technical side of things I would like to mention to those who are not aware of the ZKSync release which is a huge milestone in the ZK-rollup space. In laymen's terms ZKSync is an update that offers low gas and fast transactions, without compromising on security. The ZKSync era is also here to make the Ethereum network more decentralized, through making it possible for retail traders to operate nodes on the network as the GPU requirements have dropped dramatically to 8GB. This will help prevent large institutions running nodes to centralize the the network and instead give everyone the ability to run their nodes with less processing power. Now that, that is out the way here is my explanation for my prediction on the market structure of ETH in both the short and long term. Short term bullish flag formation (yellow): We are currently channeling a bullish flag fomration within a bearish flag formation. To focus on the bullish flag formation, the price prediction before a retracement is due, is roughly $2400, however, this will not happen over night per say as we have a few levels of resistance we have to cross before this is possible, first one being the $2k and roughly $2.1 marks. Elliot wave indicator 1-5: In order to be more confident in the potential retracement out of the bearish flag formation to the predicted levels of $1.4k, the Elliot wave formation must be completed which would mean the price reaching $2.4k, or the price would bounce off the $2.1k mark resulting in a double top before the price begins to move down in the days/weeks to come. These low prices will most probably only be found nearing the end of the year, into early 2024, before the bull market begins in full swing. Bearish flag formation (white): This price prediction in the longer term is highly possible due to the fact that a constant higher high and full swing bull market structure is a bit premature at this time, regardless of the narrative being shifted into a bullish point of view. It would not be healthy if the market continues rapidly to the up side and would most definitely result in an over inflated price, which in return would result in a major retracement offsetting the strengthening of much needed support and resistance levels for future price action. Please be aware that this article in no shape or form is direct financial or trading advice and should only be used as a metric to add extra confluence to your already existing analysis and do-diligence on this specific topic. Be safe out there and trade responsibly, even if the market is looking unstoppable, ESPECIALLY if the market is looking unstoppable, this generally is a sign that the market is far from it. Thank you for reading to this point! feel free to like and follow for more daily articles like this. Comment your opinion on this topic, whether you agree or not, every opinion strengthens the case for or against certain changes made to my perspective.
COINBASE:ETHUSDShort
by Crisp_Flow
ETH Denver ; World’s Largest Hackathon TomorrowThis year at ETHDenver, the world’s largest Ethereum hackathon to ever be held, will begin its “buidl” week tomorrow! During this time developers who chose to come early and get a shot at using brand new technologies which will be unveiled and highlighted during the subsequent “core” week. During the “core” week is when the most investors and head-honchos will be there to behold these new inventions and fund the creative teams behind them which will overall improve their own existing brand. There will be many new technologies unveiled and a few key networks will be underlying and helping run the event including zkSync technology from both Ethereum & Polygon. Testnets are already poised for use and may help point some of you more savvy crypto traders discover what tokens to watch after this launch. Mumbai test net and the zkSync ERA technology will also be used for in-event purchases which will NOT be cheap. Meaning; the activity of both networks will be consistently active and assuredly being watched by those trying to sway the event and boost the new technologies unveiled so I do not foresee them letting an opportunity to “pump during the con” due to legitimately brilliant and useful new features that are sure to be the kicker when it comes to major companies like VISA choosing what protocol to run their blockchain on. What we have needed to produce a full fledged, autonomous market is literally coming out in the next 12 days. Transaction speed/throughput will see dramatic raise along with ease of use which has been a major problem since day one. Disclaimer; I know nothing, I am nobody, this is all my opinion and should never ever be considered real or some sort of instructional manual. Do with this info as you will. As for me? I shall be waiting for the pump (along with major buy/sell action to fill in gaps automatically as we jump) and heading to Denver for the convention on the 3rd! See you there, Bufficorns! #bufficorn #ethdenver #eth #ethereum #matic #polygon #zk #zksync #era #denver #tech #investors www.westword.com ETH/USDT ; MATIC/USDT ;
Long
by aspengrey
$MUTE right-angled descending broadening wedge (bullish) $MUTE right-angled descending broadening wedge (bullish). Mute is a ZK-Rollup based automated market maker exchange, farming platform, and IDO platform. Holders of MUTE can participate in governance and earn fees from platform revenue. Bullish fundementals showing in the charts. (ZKSync main-net launch this year will see the launch of Mute) compare MUTE's market cap ($5m) with that of ZigZag ($300m). A right-angled descending broadening wedge is a bullish reversal pattern. The pattern is formed by two diverging lines, the resistance being a horizontal line and the support a bearish downward slant, so it is an inverted ascending triangle. The oscillations between the two triangle terminals are therefore becoming increasingly large. Each line must be touched at least twice to be validated.
MLong
by quagywaggy