ZKJ long-term and short-term trend analysis
ZKJ is the original token of Polyhedra Network, and the core product of Polyhedra Network is the cross-chain bridge zkbridge. The cross-chain bridge is the narrative of the last bull market. Compared with the chain abstract narrative that has recently emerged, the cross-chain bridge narrative is a bit outdated.
ZKJ is obviously controlled by a banker, and its market rhythm is inconsistent with Bitcoin. The most typical example is that when the whole market plummeted on August 5, ZKJ did not plummet with it. Obviously, there are bankers protecting the market. Trend, since May, ZKJ has always been suppressed by the supply line. Although ZKJ has been trading sideways at a low level recently, with the downward movement of the supply line, ZKJ has returned to the vicinity of the supply line, and yesterday's trading volume suddenly increased. It is possible that the main force is absorbing funds. It is possible to break through the supply line in the near future and start to pull up.
Regarding the long-term target position, the current FDV of ZKJ has reached 1.1 billion US dollars. For the impact of the cross-chain bridge, this valuation is not low. The current circulation rate is only 20%, and it will face continuous unblocking selling pressure in the future. Therefore, it is not advisable to expect too high a rise in the future of ZKJ, and its target price may be around 3.8.